The following payoff matrix represents the long-run payoffs for two duopolists faced with the option of buying or leasing buildings to use for production. (A) Determine whether any dominant strategies exist and state what it is
(B) determine whether or not there is a Nash equilibrium and state what it is.
Firm 1 Firm 1
Lease Building Buy Building
Firm 2 Lease F1 = 500, F2 = 400 F1 = 750, F2 = 400
Firm 2 Buy F1 = 400, F2 = 750 F1 = 200, F2 = 600

Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?

Which of the following is not a personality trait? sincerity word processing punctuality laziness

Rate of return douglas keel, a financial analyst for orange industries, wishes to estimate the rate of return for two similar-risk investments, x and y. douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. a year earlier, investment x had a market value of $27 comma 000; and investment y had a market value of $46 comma 000. during the year, investment x generated cash flow of $2 comma 025 and investment y generated cash flow of $ 6 comma 770. the current market values of investments x and y are $28 comma 582 and $46 comma 000, respectively. a. calculate the expected rate of return on investments x and y using the most recent year's data. b. assuming that the two investments are equally risky, which one should douglas recommend? why?