am. 116. Question 1Find all the Subgame Perfect Nash Equilibrium of the following game and show allnecessary steps.0102aPI۱۶2N T-110 1002

Subgame Perfect Nash EquilibriumA Subgame Perfect Nash Equilibrium (SPNE) is a strategy profile in a…

Answered: Question 1 Find all the Subgame Perfect…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A car wash service 'Clean and Shine' is a small business operating in the short run in a perfectly competitive market. The business has to pay for electricity and water as much as IDR200 thousand a month, whereas its variable cost (VC) is expressed as a function of the number of cars washed (q): VC(q) = 5q + 0,1q² (in thousands of rupiah) Currently the price of car wash services is IDR35 thousand/car.
how to calulate the fixed overhead spending variance?
R(p) = pN(p).| Bob is currently selling tires for 60 dollars each. His weekly sales are running at 130 tires per week, so N(60) = 130. His marketing department estimates that he will lose 2 sales per week for each 10 dollar increase in unit price, so N'(60) = -0.2. Estimate Bob's increase in weekly revenue for each one dollar increase in tire price. Revenue increase =1 dollars
'0.1×1502+0.2×1002+0.3×502' mean is '0.1×1502+0.2×1002+0.3×502 = 2250 + 2000 + 750' or '0.1×150×2+0.2×100×2+0.3×50×2 = 30 + 40 + 30' ?
M3

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Question 1 Find all the Subgame Perfect Nash Equilibrium of the following game and show all necessary steps. 0102 a PI ۱۶ 2 N T -110 1 0 0 2