There are two movie theaters in the town of Harkinsville: Modern Multiplex, which shows first-run movies, and Sticky Shoe, which shows movies that have been out for a while at a cheaper price. The demand for movies at Modern Multiplex is given by QMM 5 14 2 PMM 1 PSS, while the demand for movies at Sticky Shoe is QSS 5 8 2 2PSS PMM, where prices are in dollars and quantities are measured in hundreds of moviegoers. Modern Multiplex has a per-customer cost of $4, while Sticky Shoe has a percustomer cost of only $2. (a) From the demand equations alone, what indicates whether Mod- ern Multiplex and Sticky Shoe offer services that are substitutes or complements?
(b) Write the profit function for each theater in terms of Pss and PMM Find each theater's best-response rule.
(c) Find the Nash equilibrium price, quantity, and profit for each theater.
(d) What would each theater's price, quantity, and profit be if the two decided to collude to maximize joint profits in this market? Why isn't the collusive outcome a Nash equilibrium?

While information systems can be used to gain a strategic advantage, they have inherent risks. hershey foods, for example, crippled its halloween sales when its complex is system failed to support its supply and inventory needs during peak production season. this is an example of which specific is risk

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.