Use the following payoff matrix which depicts the profits for Firms X and Y who are trying to decide whether to choose a high or low price in their competitive strategy with each other. They are the only two firms in this oligopolistic industry. Firm Y Low Price High Price Firm X Low Price Firm X's profit: $1,600 Firm Y's profit: $2,500 Firm X's profit: $1,800 Firm Y's profit: $2,100 High Price Firm X's profit: $1,800 Firm Y's profit: $2,000 Firm X's profit: $2,000 Firm Y's profit: $2,400 (Scenario 65-2: Payoff Matrix for Firms X and Y) The Nash equilibrium in this game is:.

Atlas manufacturing produces a unique valve, and has the capacity to produce 50,000 valves annually. currently atlas produces 40,000 valves and is thinking about increasing production to 45,000 valves next year. what is the most likely behavior of total manufacturing costs and unit manufacturing costs given this change? a. total manufacturing costs will increase and unit manufacturing costs will also increase. b. total manufacturing costs will stay the same and unit manufacturing costs will stay the same. c. total manufacturing costs will increase and unit manufacturing costs will decrease. d. total manufacturing costs will increase and unit manufacturing costs will stay the same.

Problem page a medical equipment industry manufactures x-ray machines. the unit cost c (the cost in dollars to make each x-ray machine) depends on the number of machines made. if x machines are made, then the unit cost is given by the function =cx+−0.3x2126x31,935 . how many machines must be made to minimize the unit cost?

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