A small tourist town has two Italian restaurants, Romano's(R) and Giardıno's (G). Normally, both restaurants prosperwith no advertising. It seems possible that Romano's couldtake some of Giardino's customers by running radio adsand Giardino's could do the same thing The one monthprofit matrix (showing payoffs in thousands of dollars) isshown to the right However, suppose that each firm gets6 if it advertises and the other firm does not.No AdsAdvertiseWhat is the Nash equilibrium in the static (one month)game?No AdsA. This game has no Nash equilibriaO B. The Nash equilibrium is for both restaurants toadvertiseAdvertiseOC. The Nash equilibria are for one restaurant toadvertise and the other to not advertise.1O D. The Nash equilibria are for both restaurants to notadvertise and for both restaurants to advertise.O E. The Nash equilibrium is for both restaurants tonot advertise

The nash equilibrium in the static game is

Answered: A small tourist town has two Italian…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Hi please help me solving that problems thanks
The Harriet Hotel in downtown Boston has 100 rooms that rent for $150 per night. It costs the hotel $30 per room in variable costs (cleaning, bathroom items, etc.) each night a room is occupied. For each reservation accepted, there is a 5% chance that the guest will not arrive. If the hotel overbooks, it costs $200 to compensate guests whose reservations cannot be honored. How many reservations should the hotel accept if it wants to maximize the average daily profit?
Write the payoff matrix for the given game, use Rachel as the row player. Two players, Rachel and Charlie, each have two cards. Rachel has one black card with the number 3 and one red card with the number 5. Charlie has a black card with a 6 written on it and a red card with a 1. They each select one of their cards and simultaneously show the cards. If the cards are the same color, Rachel gets, in dollars, the sum of the two numbers shown. If the cards are different colors, Charlie gets, in dollars, the difference of the two numbers shown.
Two departments of a firm, A and B, need differing amounts of steel, wood, and plastic. The table on the right gives the amount of each product the departments need. These three products are supplied by two suppliers, Company C and Company D, with the unit prices given in the table on the right. a. Use matrix multiplication to determine how much these orders will cost each department at each of the two suppliers. Enter the amounts into the cost matrix shown on the right. Department A Department B Steel Wood Plastic Dept. A Dept. B Company C 600 310 310 Co. C Steel Wood Plastic 60 40 40 60 70 60 Company D 560 190 390 Co. D
10. Please help
Allied Corp. decides to launch its new product with a big television and radio advertising campaign. At the same time, Allied's major competitor, Bates, Inc, also has decided to launch a big advertising campaign for a similar product. The payoff matrix shows the increased sales (in millions) for Allied, as well as the decreased sales for Bates Bates T.V. Radio 20 -0.7 -0.5 -0.5 Find the optimum strategy for Allied Corp. and the value of the game. Allied T.V. Radio The optimum strategy for Alled Corp is (Type integers or decimals) The value of the game is (Type an integer or a decimal)
Two departments of a firm, A and B, need differing amounts of steel, wood, and plastic. The table on the right gives the amount of each product the departments need. These three products are supplied by two suppliers, Company C and Company D, with the unit prices given in the table on the right. C a. Use matrix multiplication to determine how much these orders will cost each department at each of the two suppliers. Enter the amounts into the cost matrix shown on the right. Dept. A Dept. B Department A Department B Steel Wood Plastic Co. C Company C 580 280 280 Co. D Company D — 570 180 380 Steel 70 60 Wood 60 40 Plastic 40 60
You are an analyst for a consumer products company. You run a survey of 1000 customers and find that 80% of customers use gel packs for laundry detergent (the rest use liquid or powder) and 40% of customers use gel packs for their dishwasher detergent (the rest use liquid or powder). You also learn that twice as many customers use laundry detergent than dishwasher detergent and that this relationship is independent of gel pack or other types of products (liquid or powder).
Create a 3x3 payoff matrix for a two person zero sum game (cannot be scissors, paper, rock)
The following table provides data on three popular protein supplements. (Figures shown correspond to a single serving.) Protein(g) Carbohydrates(g) Sodium(mg) Cost($) DesignerWhey (Next) 18 2 80 0.50 Muscle Milk(Cytosport) 32 16 240 1.60 Pure WheyProtein Stack(Champion) 24 3 100 0.60 You are thinking of combining Designer Whey and Muscle Milk to obtain a 7-day supply that provides exactly 448 grams of protein and 112 grams of carbohydrates. How many servings of each supplement should you combine in order to meet your requirements? Designer Whey ______ servingsMuscle Milk ______ servings What will it cost? $

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