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

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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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Ital all U| * Starred 3. (Use the graphical method for the following problem): A technology company manufac- tures televisions and soundbars. The following table gives the labor requirements and profits per Snoozed automobile: Sent r 19, 2022, 6:43 PM Chat Televisions Soundbars 10 labor-hours 8 labor-hours 1 labor-hours Assemble Load and Transport 2 labor-hours ons! Profit $150 $100 No conversations Each day, 360 labor-hours are available to assemble these products and 60 labor-hours are avail- able to load and trasport them. The manufacturer wants to determine how many televisions and soundbars to produce of each type in order to maximize profit under these constraints. Start a chat Spaces (a) Define variables for modeling this scenario, and write down the objective function. (Ъ) Identify the constraints of the problem. (c) List the corner points of the feasible region. No spaces yet Create or find a space (d) the total profit? How many televisions and soundbars should be produced…
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…
Investment A woman has $1,400,000 to purchasethree investments. One investment earns 8%, asecond earns 7.5%, and the third earns 10%.a. What investment strategies will give annual earnings of $120,000 from these three investments?b. What one investment strategy will minimize herrisk and return $120,000 if the 10% investmenthas the most risk?
identify the sample space of the probability experiment and determine the number of outcomes in the sample space. Randomly choosing a number from the even numbers between 10 and 20, inclusive. The sample space is _____. * use a comma to separate answers as needed. Use ascending order.
1. IfXis $5,000, R-15% and BV is $50,000, what is AE? -5000-(15%*50000) -2500 2. IfXis $25,000, R-18% and BV is $125,000, what is AE? -25000-(18 % 125000) 2500 3. Assume the firm in requirement 2 can increase x to $30,000 by instituting some cost-cutting measures. What is the new AE? -30000-(18 % 125000) 7500 4. Assume the firm in requirement 2 can divest $25,000 of unproductive capital with X falling by only $2,000. What is the new AE? -25000-2000-(18% *(125000-25000)) 5000 5. Assume the firm in requirement 2 can add a new division at a cost of $40,000, which will increase X by $7,600 per year. Would adding the new division increase AE? -25000+7600-(18% *( 125000+40000)) 2900 FALSE Assume the firm in requirement 1 can add a new division at a cost of $25,000, which will increase X by $3,500 per year. Would adding the new division increase AE? 5000+3500-(15%*50000+25000) -2750 FALSE
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?
Plz answer part 9 in 20 mints it's very urgent
Please explain both part of the question! DO NOT USE EXCEL!

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