subject
Business, 07.06.2020 02:01 neariah24

Two firms are planning to sell 10 or 20 units of their goods and face the payoff matrix illustrated to the right. What is the Nash equilibrium if both firms make their decisions simultaneously? What strategy does each firm use? A. The game does not have a Nash equilibrium. B. The Nash equilibria are for Firm 1 to produce 10 and Firm 2 to produce 20 and for Firm 1 to produce 20 and Firm 2 to produce 10. C. The Nash equilibrium is for Firm 1 to produce 20 and Firm 2 to produce 10. D. The Nash equilibrium is for Firm 1 and Firm 2 each to produce 10. E. The Nash equilibrium is for Firm 1 to produce 10 and Firm 2 to produce 20

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:00
4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms.a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.
Answers: 2
question
Business, 22.06.2019 05:00
Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.
Answers: 3
question
Business, 22.06.2019 22:30
Luggage world buys briefcases with an invoice date of september 28. the terms of sale are 2/10 eom. what is the net date for this invoice
Answers: 1
question
Business, 22.06.2019 23:30
Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.
Answers: 1
You know the right answer?
Two firms are planning to sell 10 or 20 units of their goods and face the payoff matrix illustrated...
Questions
question
English, 27.01.2021 21:20
question
Mathematics, 27.01.2021 21:20
question
Mathematics, 27.01.2021 21:20
question
English, 27.01.2021 21:20
question
Health, 27.01.2021 21:20
question
Chemistry, 27.01.2021 21:20
question
Mathematics, 27.01.2021 21:20
question
Mathematics, 27.01.2021 21:20