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28 Sep 2019
1. Gliberace's Fashion Accessories of Las Vegas produces gemstone-encrusted formal wear for sale in Los Angeles and San Francisco subject to total cost TC = 100 + 5(QLA + QSF). Demand for Gliberace's stones in the two cities is given by QLA = 70 - 2PLA and QSF = 55 - PSF. If Gliberace price discriminates between the two cities, how many stones will it sell in Los Angeles?
30
36
38
43
48
2. A feasible strategy set is:
all actions with a nonzero probability of occurring.
only actions that have a 50 percent or greater probability of occurring.
actions that result in positive profits for the firm.
actions that a decision-maker is willing to take.
the one outcome that the decision-maker chooses.
1. Gliberace's Fashion Accessories of Las Vegas produces gemstone-encrusted formal wear for sale in Los Angeles and San Francisco subject to total cost TC = 100 + 5(QLA + QSF). Demand for Gliberace's stones in the two cities is given by QLA = 70 - 2PLA and QSF = 55 - PSF. If Gliberace price discriminates between the two cities, how many stones will it sell in Los Angeles?
|
30 |
||
|
36 |
||
|
38 |
||
|
43 |
||
|
48 |
2. A feasible strategy set is:
|
all actions with a nonzero probability of occurring. |
||
|
only actions that have a 50 percent or greater probability of occurring. |
||
|
actions that result in positive profits for the firm. |
||
|
actions that a decision-maker is willing to take. |
||
|
the one outcome that the decision-maker chooses. |
Joshua StredderLv10
28 Sep 2019
