! Pat's and Geno's are two rival cheesesteak restaurants in Philadelphia, Pennsylvania, that are located across the street from each other. Since they serve almostthe same food, they are fiercely competitive. With the weather in Philly improving, sales at both firms are expected to increase in the next few months. Suppose bothfirms are now considering expanding their menu to include cheesecake and other desserts to boost sales further.The payoffs are as follows:Pat'sIntroduce DessertsDon't Introduce DessertsВох 1Вox 2IntroducePat's profits will increase by S60,000Geno's profits will increase by $60,000Pat's profits will increase by $10,000Geno's profits will increase by $80,000DessertsGeno'sDon'tВох 3Вox 4IntroducePat's profits will increase by $80,000Geno's profits will increase by $10,000Pat's profits will increase by $20,000Geno's profits will increase by $20,000DessertsGeno's dominant strategy is toand Pat's dominant strategy is to

Strategic dominance in game theory occurs when one strategy is better than another strategy for one…

Answered: Pat's and Geno's are two rival…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A US firm, having prior knowledge that Russia would invade Ukraine, bought 100,000 barrels of oil from Heritage Limited , a Trinidad firm . If in January 2022, the US firm enters into a forward contract to purchase the oil at US$65 per barrel to settle in November 2022, what is the gain/loss on the contract to the US firm? The spot price of oil in November averages US$100 per barrel. a. US$35,000 loss b. US$40,000 gain c. US$40,000 loss d. US$35,000 gain
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Stephanie Carter has been gifted a sum of $50,000 by her grandparents on completing hergraduation successfully. She is a fresh finance graduate and is excited to invest some money inthe capital market, for which she intends to use the gifted sum of $50,000. However, insteadof committing this money to the market immediately, she decides to wait for some time, workin the field and acquire some experience before proceeding with her intended investment. Shethus contemplates an extremely conservative investment in a portfolio of stocks and bonds, atthe start of year 5 from now. For now, she will leave the $50,000 in a fixed deposit with thebank which promises an interest rate of 6% per annum.She will require a return of at least 9% on her stock investments and 4% on bond investments.Stephanie would have to pay 25% taxes on any interest income. Dividends will be tax-free.Stephanie’s research has allowed her to narrow down on the following investment candidates:Stocks:1. Pan-Elixir Ltd. is a…

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