Finding Nash equilibrium and game theory construction

Kodak & Fuji produce photographic film. Suppose that there are no other significant producers, so that Kodak and Fuji constitute a duopoly (oligopoly). Suppose that the firms can produce 500 or 750 rolls of film for a given market in a given quarter. Assume (1) that firms face the same cost structure; (2) that if both produce 500, then each will profit $16 per day; (3) that if Fuji produces 500 and Kodak 750, then Fuji earns $14 and Kodak earns $21; (4) that if both produce 750 rolls then each will profit $15. The remaining combination is implicit. (a) Construct a game matrix for this scenario. (b) Is there a Nash Equilibrium for this game? Why or why not. (c) Suppose t... click for more

Measure performance

I AM TOTALLY CONFUSED SO IF YOU CAN HELP ME OUT. The following multiple goals were identified by General electric: 1. Profitability 2. Market position 3. Productivity 4. Product Leadership 5. Personnel Development 6. Employee attitudes 7. Public responsibility 8. Balance between short-range and long-range goals General Electric is a huge, highly decentralized corporation. At the time it developed these goals, GE had approximately 170 responsibility centers called "departments," but this is a deceptive term. In most other companies, these departments would eb called divisions. For example, some GE departments had sales of more than $500 million. Each department ma... click for more

Managerial economics

Marginal analysis: climate control devices, inc. estimates that sales of defective thermostats cost the firm an average of $25 ea. for replacement or repair. An independent engineering consultant has recommended hiring quality control inspectors so that defective thermostats can be identified & corrected before shipping. The following schedule shows the expected relation between the # of quality control inspectors & the thermostat failure rate, defined in terms of the % of total shipments that prove to be defective. The firm expects to ship 250,000 thermostats during the coming year, & quality control inspectors ea. command a salary of $30,000 per year. A. construct a table showing the marg... click for more

Andre has asked you to evaluate his business, Andre's Hair Styling

I NEED HELP FOR MY SEMINAR. SO IF YOU CAN HELP ME OUT WOULD BE GREAT. For this speech you should select a company/business that you are familiar with and briefly describe it. Give three examples of responsibility cebters in that business. Describe how these responsibiliy centers interact. Individual Project Andre has asked you to evaluate his business, Andre's Hair Styling. ANdre has five barbers working for him. (Andre is ot one of them.) Each barber is paid $9.90 per hour and works a 40-hour week and a 50-week year, regardless of the number of haircuts. rent and other fixed expenses are $1,750 per month. Assume that the only service performed is the giving of haircuts, the unit ... click for more

What is the purpose of economic indicators?

What is the purpose of economic indicators? What are considered leading economic indicators? What is the purpose of developing economic forecasts? What factors affect economic forecasts? Should economic forecasts be dynamic or static? Explain. Should economic analysts be obligated to present the assumptions underlying their economic forecasts? Address the concept of perfect information (and the implications associated with the lack thereof). How does uncertainty impact the accuracy of financial forecasts? How does the government use economic forecasts to change fiscal policy? How are economic forecasts used in the organizational decision making process? ... click for more