Video Tech is considering marketing one of two new video games for the coming holiday season: Battle Pacific or Space Pirates. Battle Pacific is a unique game and appears to have no competition. Estimated profits (in thousands of dollars) under high, medium, and low demand are as follows:
Video Tech is optimistic about its Space Pirates game. However, the concern is that profitability will be affected by a competitor’s introduction of a video game viewed as similar to Space Pirates. Estimated profits (in thousands of dollars) with and without competition are as follows:
a. Develop a decision tree for the Video Tech problem.
b. For planning purposes, Video Tech believes there is a 0.6 probability that its competitor will produce a new game similar to Space Pirates. given this probability of competition, the director of planning recommends marketing the Battle Pacific video game. Using expected value, what is your recommended decision?
c. Show a risk profile for your recommended decision.
d. Use sensitivity analysis to determine what the probability of competition for Space Pirates would have to be for you to change your recommended decision alternative.
Explain the following statement: Our tax rates are progressive.Here is a tip:A system where tax rates rise as the level of income rises.Apr 24 2021
Amortization of Intangibles and Effects on Statement of Cash FlowsTableleaf Inc. purchased a patent a number of years ago. The patent is being amortized on astraight-line...May 03 2020
Which of the following tax collection claims is incorrect? Choose one: a. The loss of welfare tax is less as the tax is lower in ISK or proportion. b. A tax imposed on a ...Feb 06 2020
A small hydraulic excavator will be used to dig a trench in hard clay (bucket fill factor = 0.80). The minimum trench size is 26 in. (0.66 m) wide by 5 ft (1.53 m) deep. ...Jul 23 2020
A tapered barABof solid circular cross section and lengthL(Fig. 2-13a) is supported at endBand subjected to a tensile loadPat the free endA. The diameters of the bar at ...May 19 2020
Consider a perfectly competitive market described by the supply function P = 20 + 0.1Q and demand function P = 80 - 0.3Q. If the market is in equilibrium, then an individ...Aug 22 2021
The question the group is asking during the forming stage of group development isA. "Why are we here?" B. "What's next?" C. "Can we do the job properly?"D. "Why are we fi...Apr 18 2021
Which of the following is a discretionary fiscal policy action? a progressive tax system that leads to an increase in income tax revenues during an economic boom an incre...Jul 04 2021
A project your firm is considering for implementation has these estimated costs and revenues: an investment cost of $50,000; maintenance costs that start at $5,000 at the...Jul 03 2021
In some country, the rate of inflation is expected to increase from 2 percent to 5 percent and people fear that the increase will be permanent if the central bank does no...Aug 22 2021