Analyze sequential game and advise kodak

Assignment Help Other Subject

Reference no: EM13761558

1. Consider the following payoff matrix

a. Does Player A have a dominant strategy? Explain why or why not.

b. Does Player B have a dominant strategy? Explain why or why not.

2. Analyze the following sequential game and advise Kodak about whether they should introduce the new product, Picture CD.

3.A math graduate student explains to her friend how to approach a group of smartattractive guys who have brought along famous actor Russell Crowe. What shouldher friend do? Ignore Russell Crowe or fixate on Russell Crowe? Explain the equilibrium reasoning underlying your answer. (Note: Best payoff-date with R.C., Better-date with other guys, Worse-no date tonight, Worst-nodate ever with any of these guys.)

4. American Export-Import Shipping Company operates a general cargo carrier service between New York and several Western European ports. It hauls two majorcategories of freight: manufactured items and semi manufactured raw materials.

b. . What are the profit-maximizing levels of price and output for the twofreight categories?

c. At these levels of output, calculate the marginal revenue in each market.

5. Phillips Industries manufactures a certain product that can be sold directly to retail outlets or to the Superior Company for further processing and eventual sale asa completely different product. The demand function for each of these markets is

Retail Outlets: P1 = 60 - 2 Q1

Superior Company: P2 = 40 - Q2

whereP1 and P2 are the prices charged and Q1 and Q2 are the quantities sold inthe respective markets.

Phillips' total cost function for the manufacture of thisproduct + 8(Q1 + Q2)5.

a. Determine Phillips' total profit function.

b. What are the profit-maximizing price and output levels for the product inthe two markets?

c. At these levels of output, calculate the marginal revenue in each market.

8. The Pear Computer Company just developed a totally revolutionary new personal computer. It estimates that it will take competitors at least two years to produce equivalent products. The demand function for the computer is estimated to be ,500 - 0.0005Q

The marginal (and average variable) cost of producing the computer is $900.

a. Compute the profit-maximizing price and output levels assuming Pear acts as a monopolist for its product.

c. Calculate the contribution to profit and overhead for each of the 10 time periods and prices.

Reference no: EM13761558

Questions Cloud

Create presentation for business-appropriate design template : Create a presentation for a business-appropriate design template and follow the design principles for visual aids found in the text.

Find the value of the test statistic : Using the appropriate commands in Excel, find the value of the test statistic. Assume that σA2 = 4.6 and σB2 = 5.3. What is the p-value

Aspects of creating and conducting an online questionnaire : Describe the easy and difficult aspects of creating and conducting an online questionnaire. Assess the reliability of the collected data and include the survey report

Harnessing information management : In Assignment 1, you investigated data analytics and the utilization of data analytics in business. In this assignment, use the company or industry that you selected in Assignment 1. Use the Internet or Strayer Library to explore the relationship ..

Analyze sequential game and advise kodak : Analyze the following sequential game and advise Kodak about whether they should introduce the new product, Picture CD.

Cyber security in business organizations : Determine the fundamental challenges that organizations face in general in regard to protecting organizational assets and information.

What are the incentives to innovate for a monopoly : What are the incentives to innovate for a monopoly firm's as compared with a firm in a competitive market if patent protection is not available.

Principle and theory of security management : What do you think are some major danger signals concerning possible employee theft, and why? Are these signals the same in retail vs. industrial settings?

What role would you play as ecp in facilitating empowerment : What role would you play as an ECP in facilitating empowerment for these families? Have you ever had a personal experience as an advocate for a child or family?

User Account

All Pages