Consider a "punishment" variation of the two-firm oligopoly situation shown in the figurebelow. Suppose that if one firm sets a low price while the other sets a high price, then thefirm setting the high price can fine the firm setting the low price. Suppose that whenever afine is imposed, X dollars are taken from the low-price firm and given to the high-pricefirm.RareAir's price strategyHighLow$12$15AВHigh$12$6$6$8Low$15$8Instructions: Enter your answer as a whole number.What is the smallest amount that the fine X can be such that both firms will want toalways set the high price?millionUptown's price strategy

Answered: Image /qna-images/answer/c21f4d63-46a4-406a-a312-40b082e89a1b.jpg

Answered: Consider a "punishment" variation of…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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1.You are choosing between two texting plans. Plan A has a monthly fee of $15 with a charge of $0.08 per text. Plan B has a monthly fee of $3 with a charge of $0.12 per text. How many text messages in a month make plan A the better deal. 2. You invested $8000 in two funds paying 2% and 5% investment exceeded the interest from the 5% investment exceeded the interest from the 2% investment by $85. How much money was invested at the rate 2%?
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Types of Compensation People don't work for free, and how much employees are paid for their work is a complicated issue. Also, designing a fair compensation plan is an important task because pay and benefits represent a substantial portion of an organization's expenses. Wages that are too high may result in the company's products being priced too high, making them uncompetitive in the market. Wages that are too low may damage employee morale and result in costly turnover. Financial compensation falls into two categories: wages and salaries. Additionally, there are three common types of financial incentives: commission, bonuses, and profit sharing. Read the statements describing compensation attributes and the various employee examples and select the most appropriate form of compensation each describes. 1.Paid by the Hour-Employees receive these financial rewards in return for the number of hours they have worked. Wages 2. Frank's Overtime Pay-Frank works overtime at the factory right…
G.140.
Exercise 2. Marginal and Conditional Relationships can be Very Different. For 100 mild cases of eczema, a new treatment had a higher cure rate than the old treatment (33.3% of 90 vs. 20% of 10). For 100 severe cases of eczema, again the new treatment had a higher cure rate than the old treatment (60% of 20 vs. 50% of 80). Over all 200 eczema cases, however, the old treatment had a higher cure rate than the new treatment- i.e. Simpson's Paradox strikes again. (a) Compute the overall cure rates for the new and old treatments. (b) Which treatment, old or new, would you choose and why?
The following table provides data on three popular protein supplements. (Figures shown correspond to a single serving.) Protein(g) Carbohydrates(g) Sodium(mg) Cost($) 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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