A potato chip company makes chips to fill snack-size bags and family size bag. in one week production cannot exceed 2400 units,
1 answer:
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Answer:
Step-by-step explanation:
a) The game tree for k = 5 has been drawn in the uploaded picture below where C stands for continuing and S stands for stopping:
b) Say we were to use backward induction we can clearly observe that stopping is optimal decision for each player in every round. Starting from last round, if player 1 stops he gets $3 otherwise zero if continues. Hence strategy S is optimal there.
Given this, player 2’s payoff to C is $3, while stopping yields $4, so second player will also chooses to stop. To which, player 1’s payoff in k = 3 from C is $1 and her payoff from S is $2, so she stops.
Given that, player 2 would stop in k = 2, which means that player 1 would stop also in k = 1.
The sub game perfect equilibrium is therefore the profile of strategies where both players always stop: (S, S, S) for player 1, and (S, S) for player 2.
c) Irrespective of whether both players would be better off if they could play the game for several rounds, neither can credibly commit to not stopping when given a chance, and so they both end up with small payoffs.
i hope this helps, cheers
Answer:
702 emails
Step-by-step explanation:
<h2>This problem bothers on depreciation of value, in this context it is Joe's email that has depreciated by 10%.</h2>Given data
Average personal emails received monthly =
Average work emails received monthly
We are required to solve for the new amount of emails Joe will be receiving after changing his address, to find this value we need to solve for the depreciation of his personal mails.
After solving for the depreciation , we then need to subtract the depreciation from the initial number of mails to get the new number of mails.
let us solve for 10% depreciation.
The new number of mails
Joe will be receiving an average of 702 emails in his personal account monthly