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2 enterprises (1 and 2), are in competition with each other by choosing advertising expenditures. The payoff functions of the two enterprises, if enterprise 1 chooses to spend x and enterprise 2 chooses y to spend in market 1, are given by
u1 (x; y) = 1 + (x - y) (2 - 3x)u2 (x; y) = 1 + (y - x) (1 - 3y)
a) What is the best response functions of enterprise 1 and enterprise 2.
b) Suggest the Nash equilibrium levels of expenditures by each enterprise?
Relationship between process Planning and Other Operations Figure below shows that process planning is the basis for the design buildings layout of facilities and selection
explain duality in linear programing.
Which of the following statement is true with respect to job satisfaction and performance/ a. reward do not cause job satisfaction/ b. job satisfaction does not cause performance/
A
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Two Handed Process Chart and Multiple Activity Charts Two-handed process chart For fixed-position manual processes such as the assembly of small devices, this type of ch
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