subject
Mathematics, 01.03.2020 16:55 angie249

Suppose that Lion and Tiger stop advertising but must determine the price they will charge for each pizza sold. Lion believes that Tiger’s price can be $6 (with 25% chance), $8 (with 50% chance) or $10 (with 25% chance). If Lion charges a price x, and Tiger charges a price y, Lion will sell 100 +25(y-x) pizzas. It costs Lion $4 to make a pizza. Lion is considering charging $5, $6, $7, $8, or $9 for a pizza.
a) Construct Lion’s profit decision matrix depending on own possible prices, respectively Tiger’s possible prices.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 23:00
Erik buys 2.5 pounds of cashews. if each pound of cashews costs $7.70, how much will he pay for the cashews?
Answers: 1
question
Mathematics, 21.06.2019 23:40
The function f(x) is shown in this graph the function g(x)=6x
Answers: 2
question
Mathematics, 21.06.2019 23:40
Me d is also an option but i couldn't get it in the picture
Answers: 2
question
Mathematics, 22.06.2019 00:30
Javier bought a painting for $150. each year, the painting's value increases by a factor of 1.15. which expression gives the painting's value after 77 years?
Answers: 2
You know the right answer?
Suppose that Lion and Tiger stop advertising but must determine the price they will charge for each...
Questions
question
History, 27.09.2019 08:00
Questions on the website: 13722360