Business, 14.11.2019 22:31, talanna394
Suppose that expresso and beantown are the only two firms that sell coffee. the following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: beantown advertise doesn’t advertise expresso advertise 8, 8 15, 2 doesn’t advertise 2, 15 11, 11
for example, the upper right cell shows that if expresso advertises and beantown doesn't advertise, expresso will make a profit of $15 million, and beantown will make a profit of $2 million. assume this is a simultaneous game and that expresso and beantown are both profit-maximizing firms.
if expresso decides to advertise, it will earn a profit ofmillion if beantown advertises and a profit ofmillion if beantown does not advertise. if expresso decides not to advertise, it will earn a profit ofmillion if beantown advertises and a profit ofmillion if beantown does not advertise. if beantown advertises, expresso makes a higher profit if it chooses . if beantown doesn't advertise, expresso makes a higher profit if it chooses . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? expresso will choose to advertise and beantown will choose not to advertise. both firms will choose not to advertise. expresso will choose not to advertise and beantown will choose to advertise. both firms will choose to advertise. again, suppose that both firms start off not advertising. if the firms decide to collude, what strategies will they end up choosing? expresso will choose not to advertise and beantown will choose to advertise. expresso will choose to advertise and beantown will choose not to advertise. both firms will choose to advertise. both firms will choose not to advertise.
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 22:40, gobertbrianna40
Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?
Answers: 3
Business, 22.06.2019 13:30, karenjunior
Over the past year, three of the star salesmen at family resorts international's corporate office have been lured away to competitors. on top of that, karina, the general manager of the sales department, has noticed that most employees come in, do their jobs, and leave. family resorts offers a good salary, benefits, and tuition reimbursement, as well as a number of development and training programs. most employees seem contented enough, but karina would like to do something to increase the level of engagement among her staff. what do you think karina should do?
Answers: 1
Business, 22.06.2019 20:00, kickdoedon
During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above
Answers: 3
Business, 22.06.2019 21:50, reggiegilbert1995
Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.
Answers: 2
Do you know the correct answer?
Suppose that expresso and beantown are the only two firms that sell coffee. the following payoff mat...
Questions in other subjects:
Arts, 26.11.2021 19:10
Social Studies, 26.11.2021 19:10
Biology, 26.11.2021 19:10
SAT, 26.11.2021 19:10
Spanish, 26.11.2021 19:10
