Use the following information to complete the payoff matrix on the right. Quantity: firm 1 Quantity: firm 2 Condition Price Both firms enter 4 11 11 Only firm 1 enters 18 Only firm 2 enters 6 18 The firms have the following identical cost function: C(q) = 29 + 25 if q >0, or zero if q = 0. There is room for two firms in this market if they play a mixed-strategy Nash equilibrium.

Q: 7. The Grip of Gas U.S. drivers are ranked as the least sensitive to changes in the price of…

A: "Price elasticity of demand for a commodity measures the responsiveness of change in demand of that…

Q: Question 4 of 10 When you support a A. small business OB. large corporation R you are more likely to…

A: Small business and large busines are the businesses that are differentiated on the basis of their…

Q: There is an economic impact to losing a customer. Describe 4 ways it can impact a company and if…

A: An person or corporation that purchases products or services from another firm is known as a…

Q: Give examples of pre-startup expenses

A: As the name suggests PRE-STARTUP where Pre means before. So, Pre startup costs are the costs that…

Q: Shades and Tints

A: A tint is a colour mixed with white to increase lightness, whereas a shade is a colour mixed with…

Q: How was TVC calculated?

A: TVC is total variable cost in a cost structure of a model. Total variable cost is showing the…

Q: HO NEEDS TO HAVE THE SHIP'S ROUTEING?

A: Ship Routing is a part of International trade. Most of the trade among the countries is done through…

Q: Please answer full questions including fill in the blanks.

A: When an initial injection into a circular flow results in a larger ultimate rise in real national…

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: How purchasing power affect the business?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: 1 Describe the four types of inventory.

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Use image

A: The spending function represents the relationship between household spending and total income. When…

Q: What is the role of the procurement or negotiations professional?

A: To work out a deal, negotiations professionals play a crucial role and they are much critical in…

Q: What is the role of technological change in asset improvement?

A: In virtually every sector, new technology is transforming the face of business-from banking to food…

Q: Which project should be chosen? Why?

A: To calculate the benefit-to-cost ratio for both projects, we need to determine the total benefits…

Q: Calculate forecast for the month 5 using 2 month moving average method. Month 1 2 3 Sales 10 12 13…

A: Using the 2 months simple moving average method, the sales forecast for the 5th month is  = (Sales…

Q: What are some common examples of expenses?

A: To generate revenue, the business organizes many activities. The cost of doing these activities are…

Q: what is mode of entry meaning?

A: Mode of entry refers to different channels through which a business can enter the international…

Q: What is the lower present value product?

A: The present value is the current worth of a stream of future cashflows given a certain return rate.…

Q: B  (iii) to (v)

A: AC(average cost) is the ratio of the TC(total cost) and the q(quantity). It is U-shaped in…

Q: (Figure 1.9) The slope of the line between points L and M is: Multiple Choice O O O 0.67. 1.20.…

A: In economics, the term "slope" generally refers to the gradient or incline of a linear relationship…

Q: what are types of saving vehicles

A: Savings is the money left over after subtracting a person's consumption expenses from their…

Q: Which of these is the tenant's responsibility? Taking reasonable care of the property, giving notice…

A: a person who gives money to the owner of a room, flat, house, or piece of property in order to…

Q: 20+100+200000

A: 100+20+200000120+200000200120

Q: What are the deductible expenses?

A: Expenses are the operating costs incurred by a company to generate revenue. Common expenditures…

Q: What are the excel formulas used

A: From equation 1 The short-run production function is q=-0.6L3+18L2+10L Cost function: C(L)=100L+800…

Q: What is the Excel method?

A: Excel is a computer spreadsheet program that consist of rows and columns. Excel is used to store…

Q: What are the benefits of Surveying Current Business?

A: Benefits of surveying current business Helps to get feedback about the product Helps to take future…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: You would like to open a hot dog stand at local game stadium. The fixed fee foir this stand is $500…

A: Break even point is the point where total revenue is equal to total cost . Or average cost  is equal…

Q: absolute deeds of sale vs conditional sale

A: Consider the scenario of a sale of a property. Here, the ownership of the property is transferred to…

Q: True/False Personal income include personal taxes

A: Personal income is that the quantity of cash put together received by the inhabitants of a rustic.…

Q: How to calculate break even point, and give example.

A: The main objective of every firm is to maximize profits. Profits are the surplus income earned by…

Q: Q1 Amouage perfume Oman also called the 'The Gift of Kings', is the finest fragrance from the heart…

A: Amouage is a rich sign of luxury, craftsmanship, uniqueness, traditional beliefs, excellence, and…