The payoff matrix below shows the daily profit for two firms, Row Restaurant and Column Cafe, for two different strategies, publishing coupons in the student paper and not publishing coupons in the student paper.
If Column Cafe publishes coupons and Row Restaurant does not, then Row Restaurant will earn ________, and Column Cafe will earn ________.
A. $200; $10
B. $25; $25
C. $10; $200
D. $120; $120
Answer: C
You might also like to view...
Use the following figure to answer the question below.Dave's opportunity cost of producing 1 pound of green beans is ________ pound(s) of corn.
A. 1/2 B. 4 C. 2 D. 1
Analysis that is limited to making either purely descriptive statements or scientific predictions is
A) positive economics. B) normative economics. C) microeconomics. D) macroeconomics.
External debt is that portion of the national debt:
a. held by private investors. b. held by the Federal Reserve. c. that the United States does not intend to repay. d. held by foreigners.
What does the 45-degree line in the Lorenzo curve model indicate?
a. It shows how the population is distributed in the country. b. It shows the actual distribution of income with the population distribution. c. It divides income distribution in half with population distribution. d. It shows perfect equality between income distribution and population distribution.