Answered: A Republican and a Democratic candidate…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

Determine the optimal strategy for the situation by representing it as a game and finding the saddle point. State your final answer in the terms of the original question.

A Republican and a Democratic candidate are running for office in a heavily Republican county. A recent newspaper poll comparing their views on taxes and welfare reform showed that when compared on taxes or on welfare reform, the Republican leads by 20%. When comparing the Democrat on welfare reform to the Republican on taxes, the Republican leads by 35%. But when comparing the Democrat on taxes to the Republican on welfare reform, the Republican leads by only 15%. Use this information to decide what each candidate should discuss at their next debate. (Let T represent taxes and W represent welfare reform.)

Democrat

T W

Republican

%	%
%	%

The saddle point is the in row and column .

What should each discuss at their next debate?

They both should discuss taxes at their next debate.The democratic candidate should discuss welfare reform, while the republican candidate discusses taxes. The democratic candidate should discuss taxes, while the republican candidate discusses welfare reform.They both should discuss welfare reform at their next debate.

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