Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose there are two emergency hospitals in Townville, State ER and University ER. Overall demand function (number of patients) for emergency hospital visits in Townville is characterised as P = 120 - 2(qs + qu) per day, where P is the market price and qs and qu are the number of patients served by State ER and University ER, respectively. Marginal cost at the State ER is cs = 84 per patient. University has access to better equipment so their marginal cost is cu = 70. Suppose University ER is the Stackelberg leader and is able to choose their quantity of patients before State ER. State ER observes and then responds to the choice of University ER. (a) Describe and explain the best response functions of State ER and University ER respectively.
(b) Describe and explain the strategies of State ER and University ER in the Subgame Perfect Nash Equilibrium (SPNE) of this game respectively. How much is the total surplus in the SPNE?
(c) Suppose that after State ER makes its choice of quantity of pa- tients, University ER is able to observe, react, and easily expand or contract its service. Consider the equilibrium in this new scenario. Is the equilibrium quantity of patients of University ER in the new equilibrium higher or lower than its (University ER's) quantity of patients in SPNE of (b)? Intuitively explain you answer.
Multiple comparisons of the five mean performance levels (using Tukey's procedure at α = .05) are summarized in the following table. Interpret the results.
A student studying for a vocabulary test knows the meanings of 12 words from a list of 20 words. If the test contains 10 words from the study list.
Customers arrive in a certain shop according to an approximate Poisson process at a mean rate of 10 per hour. Let W denote the waiting time in minutes
A medium-size college town were surveyed, and it was found that 110 were regular voters. Estimate the true proportion of regular voters with 90% confidence.
suppose that you select 3 cards without replacement from an ordinary deck of playing cards.a if the first card that you
The decision theory processes of maximizing expected monetary value (EMV) and minimizing expected opportunity loss (EOL) should lead us to choose the same alternatives
You then sort by the random numbers in ascending order. Finally, you take the first 50 sorted employees as your sample.
What is the price of your product? What will happen to the quantity demanded of this product if the price were to rise by 10%? Why?
Use a 0.05 significance level to test the claim that unfiltered king-size cigarettes have a mean tar content greater than that of filtered 100 mm cigarettes.
a researcher is studying the weight changes that women go through over the course of pregnancy childbirth and
Determine parameter of interest and compose null and alternative hypotheses?
Find the 90% confidence interval for the standard deviaiton of the ages of seniors at Oak Park College if a sample of 24 students has a standard deviation of 2.3 years. Assume the variable is normally distributed.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd