4. Using a payoff matrix to determine the equilibrium outcome Suppose there are only two firms that sell Blu-ray players: Movietonia and Videotech. The following payoff matrix shows the profit (in millions of dollars) each company will earn, depending on whether sets a high or low price for its players. Videotech Pricing High Low High 11, 11 2, 18 Movietonia Pricing Low 18, 2 10, 10 For example, the lower-left cell shows that Movietonia prices low and Videotech prices high, Movietonia will earn a profit of $18 million, and Videotech will earn a profit of $2 million. Assume this is a simultaneous game and that Movietonia and Videotech are both profit-maximizing firms. If Movietonia prices high, Videotech will make more profit if it chooses a v price, and if Movietonia prices low, Videotech will make more profit if it chooses a v price. If Videotech prices high, Movietonia will make more profit if it chooses a v price, and if Videotech prices low, Movietonia will make more profit if it chooses a v price. Considering all of the information given, pricing high a dominant strategy for both Movietonia and Videotech. If the firms do not collude, what strategies will they end up choosing? Movietonia will choose a low price, and Videotech will choose a high price. Movietonia will choose a high price, and Videotech will choose a low price. Both Movietonia and Videotech will choose a high price. Both Movietonia and Videotech will choose a low price.

Jose buys a motorcycle for 125,000 and plans to keep it for 10 years after which it will be sold for some amount if tge motorcycle depreciates by 10,500 every year how much is the book value of the motorcycle on its 7th year?

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A79. Which of the following is the most likely consequence of implementing the ‘Unified Payments Interface (UPI)’? (a) Mobile wallets will not be necessary for online payments. (b) Digital currency will totally replace the physical currency in about two decades. (c) FDI inflows will drastically increase. (d) Direct transfer of subsidies to poor people will become very effective.