Two major media streaming services, Intermovies and Walter X, are considering whether to maintain or increase their monthly subscription rate. Since a significant percentage of their customers will sign up for a whole year, they will be unable to change their rates for at least a year once they set them. The relevant payoff matrix appears below for their daily profits. Walter $1,200, $900$900, $800Increase$950, $1,150$1,100, $1,000(f) A new Federal Trade Commission tax regulation will cost each firm $100 per day if the firm increases its subscription rate. Draw a new payoff matrix to reflect this tax.(g) What are Intermovies' and Walter X's dominant strategies (if any) after the tax?i. Intermoviesii. Walter X(h) If the firms do not cooperate after the tax and act simultaneously, what will their new profits be?
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Business, 22.06.2019 23:30, lulustar13
Atelephone call center uses three customer service representatives (csrs) during the 8: 30 a. m. to 9: 00 a. m. time period. the standard service rate is 3.0 minutes per telephone call per csr. assuming a target labor utilization rate of 80 percent, how many calls can these three csrs handle during this half-hour period?
Answers: 1
Business, 23.06.2019 11:40, serellehunt
Anewspaper story on the effect of higher milk prices on the market for ice cream contained the following: "as a result [of the increase in milk prices], retail prices for ice cream are up 4 percent from last year. . and ice cream consumption is down 3 percent." source: john curran, "ice cream, they scream: milk fat costs drive up ice cream prices," associated press, july 23, 2001. based on the information given, what is the price elasticity of demand for ice cream?
Answers: 1
Two major media streaming services, Intermovies and Walter X, are considering whether to maintain or...
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