Calculating the right-hand-side of constraint

Assignment Help Game Theory
Reference no: EM1390849

Graphically solve the following problems:

Maximize profit = 8X1 + 5X2

Subject to X1 + X2 ≤ 10
X1 ≤ 6
X1, X2 ≥ 0

A) What is the optimal solution?

B) Calculate the right-hand-side of constraint 1 to 11 (instead of 10) and solve the problem. How much did the profit increase as a result of this?

C) Change the right-hand side of constraint 1 to 6 (instead of 10) and solve the problem. How much did the profit decrease as a result of this? Looking at the graph, what would happen if the right-hand -side value were to go below 6?

D) Change the right-hand-side value of constraint 1 t0 5 (instead of 10) and solve the problem

Reference no: EM1390849

Questions Cloud

How does national culture affect strategy : How does national culture affect strategy? To what extent do different approaches to strategy, different ways of thinking about strategy
Illustrate what is the allocation of the budget : If the promotional budget is limited to $18,200, explain how many commercial messages should be run on each medium to maximize total audience contact? Illustrate what is the allocation of the budget among the three media and illustrate what is the..
Define what is the acceleration experienced by the tip : A 52 {rm kg} ice skater spins about a vertical axis through her body with her arms horizontally outstretched, making 2.50 turns each second. The distance from one hand to the other is 1.5 {rm m}. Biometric measurements indicate that each hand typi..
Determine the minimal number of trna molecules : 3rd-base wobble allows some tRNAs to recognize more than one mRNA codon. Determine the minimal number of tRNA molecules necessary to recognize the following amino acids?
Calculating the right-hand-side of constraint : Calculate the right-hand-side of constraint 1 to 11 (instead of 10) and solve the problem. How much did the profit increase as a result of this?
Do you believe which the complex task of management : Do you believe which the complex task of management can be boiled down to a few principles? Or will there always be so many personality and situational variables involved which the practice of management will remain more of an art than a science?"
Demand with four period moving average : Employ a four period moving average and determine the forecasted demand for August. Put your answer in the form xx.x with no additional numbers or symbols.
What specific types of measures should they include : what specific types of measures should they include in each of their perspectives of the balanced scorecard? How would they be measured?
What is the mass of the liquid in the vat : What is the mass of the liquid in the vat.

Reviews

Write a Review

Game Theory Questions & Answers

  Use the best-response approach to find all nash equilibria

Player 1 has the following set of strategies {A1;A2;A3;A4}; player 2’s set of strategies are {B1;B2;B3;B4}. Use the best-response approach to find all Nash equilibria.

  A supplier and a buyer, who are both risk neutral

A supplier and a buyer, who are both risk neutral, play the following game,  The buyer’s payoff is q^'-s^', and the supplier’s payoff is s^'-C(q^'), where C() is a strictly convex cost function with C(0)=C’(0)=0. These payoffs are commonly known.

  Pertaining to the matrix game theory problem

Pertaining to the matrix need simple and short answers, Find  (a) the strategies of the firm (b) where will the firm end up in the matrix equilibrium (c) whether the firm face the prisoner’s dilemma.

  Nash equilibria

Consider the two-period repeated game in which this stage game is played twice and the repeated-game payo s are simply the sum of the payo s in each of the two periods.

  Find the nash equilibrium

Two players, Ben and Diana, can choose strategy X or Y. If both Ben and Diana choose strategy X, every earns a payoff of $1000.

  Construct the payoff matrix for the game

The market for olive oil in new York City is controlled by 2-families, Sopranos and Contraltos. Both families will ruthlessly eliminate any other family that attempts to enter New York City olive oil market.

  Question about nash equilibrium

Following is a payoff matrix for Intel and AMD. In each cell, 1st number refers to AMD's profit, while second is Intel's.

  Finding the nash equilibrium

Determine the solution to the given advertising decision game between Coke and Pepsi, assuming the companies act independently.

  Nash equilibria to determine the best strategy

Little Kona is a small coffee corporation that is planning entering a market dominated through Big Brew. Each corporation's profit depends on whether Little Kona enters and whether Big Brew sets a high price or a low price.

  Creating a payoff table

Suppose you and your classmate are assigned a project on which you will earn one combined grade. You each wish to receive a good grade, but you also want to avoid hard work.

  Determine the nash equilibrium for trade policy

Consider trade relations in the United State and Mexico. Suppose that leaders of two countries believe the payoffs to alternative trade policies are as follows:

  Find the nash equilibrium outcomes

Use the given payoff matrix for a simultaneous move one shot game to answer the accompanying questions.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd