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Question 1
If T1A = T1B then what is 02c?
Question 2
If σι
[0.3,0.7] is a best response to 02 then what is o2p?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8664a586-1228-418f-9b40-2c60c772cd51%2F5001f8a4-bcf7-446e-839a-8742fd6bab27%2F6bq1v5_processed.jpeg&w=3840&q=75)
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- Qd=250-2P+5Y Qs= 100-4P+2A Y=12, A=4 a. Is Qd endogenous or exogenous? b. Is P endogenous or exogenous? c. Is A exogenous or exogenous?P06_35.xlsx Shoe demand distribution Demand (100s of pairs) Probability 1 0.025 2 0.050 3 0.075 4 0.100 5 0.150 6 0.200 7 0.175 8 0.100 9 0.075 10 0.050 A buyer for a large department store chain must place orders with an athletic shoe manufacturer six months prior to the time the shoes will be sold in the department stores. The buyer must decide on November 1 how many pairs of the manufacturer’s newest model of tennis shoes to order for sale during the coming summer season. Assume that each pair of this new brand of tennis shoes costs the department store chain $65 per pair. Furthermore, assume that each pair of these shoes can then be sold to the chain’s customers for $90 per pair. Any pairs of these shoes remaining unsold at the end of the summer season will be sold in a closeout sale next fall for $20 each. The probability distribution of consumer demand for these tennis shoes during the coming…this is data.. do this. dont need refernece of Q1 Data: 8 27 24 25 11 18 22 28 21 11