If you advertise and your rival advertises, you each will earn $5 million in profits. if neither of you advertises, you will each earn $10 million in profits. however, if one of you advertises and the other does not, the firm that advertises will earn $15 million and the non-advertising firm will earn $1 million. suppose this game is repeated for a finite number of times, but the players do not know the exact date at which the game will end. the players can earn collusive profits as a nash equilibrium to the repeated play of the game if the probability the game terminates in any period is:

-8

step-by-step explanation:

step-by-step explanation: i dont

u = -(6/7)w

step-by-step explanation:

place all values with 'u' on one side of the equation.

4u + 8w = - 3u + 2w

4u + 3u = 2w - 8w

further simplify the equation by solving the addition and subtraction.

7u = - 6w

make 'u' the independent variable by placing its co-efficient on the right-hand side.

u = - (6/7)w

d. 24+-0.114

step-by-step explanation:

the question requires us to calculate the approximate 95% confidence interval for the mean number of ounces of ketchup per bottle in the sample given the following statistics;

sample mean = 24

standard deviation, σ = 0.4

sample size , n = 49

the confidence interval for a population mean is calculated using the formula;

sample mean ± z-score*(σ/sqrt(n))

the z-score associated with a 95% confidence interval, from the standard normal tables, is;

1.96

substituting these values into the formula;

24 ± 1.96*(0.4/7)

= 24 ± 0.112

from the alternatives given, choice d is closest to the above expression;