The evening television news broadcast that individuals view on one evening is influenced by which broadcast they viewed previously. An executive at network C has determined the following transition probability matrix describing this phenomenon:





a. Which network has the most loyal viewers?

b. What are the three networks' long-run market shares?

c. Suppose each of the three networks earns $1,250 in daily profit from advertising revenue for each 1,000,000 viewers it has. If, on average, 40,000,000 people watch the evening television news, compute the long-run average daily profit each network generates from its evening news broadcast


Business

You might also like to view...

The balanced scorecard links the perspectives of an organization's stakeholders with the organization's mission and vision, performance measures, strategic plan, and resources

Indicate whether the statement is true or false

Business

Use the following information to calculate cash paid for income taxes:    Income Tax Expense$46,000?Income Tax Payable, January 1 10,000?Income Tax Payable, December 31 11,400?

A. $56,000. B. $44,600. C. $24,600. D. $46,000. E. $57,400.

Business

Any intangible asset that consists of human knowledge and ideas is _______

A. cyber property B. personal property C. intellectual property D. real property

Business

In Wyeth v. Levine, where Levine sued the drug developer Wyeth for failure to warn after she lost her forearm and hand after being given a drug by IV-push, a method known to have risks, the U.S. Supreme Court:

a. dismissed the state court's judgment for Levine because it was impossible for Wyeth to comply with both federal and state labeling regulations b. dismissed the state court's judgment for Levine because it was not impossible for Wyeth to comply with both federal and state labeling regulations c. reversed the state court's decision for Levine and ordered her to pay Wyeth's attorney fees d. awarded Levine additional damages e. none of the other choices are correct

Business