If Synergy believes Dynaco will go with a large budget, it will choose a budget. If Synergy believes Dynaco will go with a small budget, it will budget. Therefore, Synergy a dominant strategy. choose a If Dynaco believes Synergy will go with a large budget, it will choose a choose a budget. Therefore, Dynaco True or False: There is a Nash equilibrium for this scenario. (Hint: Look closely at the definition of Nash equilibrium.) True budget. If Dynaco believes Synergy will go with a small budget, it will a dominant strategy. False

If Synergy believes Dynaco will go with a large budget, it will choose a budget. If Synergy believes Dynaco will go with a small budget, it will budget. Therefore, Synergy a dominant strategy. choose a If Dynaco believes Synergy will go with a large budget, it will choose a choose a budget. Therefore, Dynaco True or False: There is a Nash equilibrium for this scenario. (Hint: Look closely at the definition of Nash equilibrium.) True budget. If Dynaco believes Synergy will go with a small budget, it will a dominant strategy. False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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An entrepreneur has a venture that will make either $100M or $0. The chance that this venture will make $100M depends on the effort level expended by the entrepreneur: If she tries hard, the chance of the $100M outcome is 0.2. If she does not try hard, the chance of this outcome is 0.05. This entrepreneur is risk averse, with utility function. - disutility of effort, where the disutility of effort is O if the entrepreneur does not try hard and 1000 if she does. (a) Assuming this entrepreneur bears all the risk of this venture, will she try hard or not? What will be her expected utility, net of the disutility of effort (if any)? (b) A risk-neutral venture capitalist is prepared to support this venture. Risk-neutrality means that the venture capitalist cares only about expected profit (average weighted by probabilities of net gains). Specifically, the venture capitalist will pay the entrepreneur a base amount B up front, in return for which the venture capitalist will retain X out of the…
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corporation is the most common type of business organization in the United States. (© a) True ( b) False
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The market demand for the newest smartphone is 1 million units. The selling price for the LG phone is $400.00. The cost is $100 per unit. LG currently has market share of 10 percent. The marketing and sales expense is $5 million. Assume market demand grows by 20%. Given the 20% increase in market demand, LG maintains its market share of 10%, selling price of $400, unit cost of $100, and marketing and sales expense of $5 million. What is the new net marketing contribution (NMC)? O a. $36 million Ob. $31 million O. S7 million O d. $12 million