Use the following to answer this question, which involves a…

Use the following to answer this question, which involves a profit-maximizing monopolist.  Using time-series data, the demand function for the monopolist has been estimated as Qd = 142,000 – 500P + 6M – 400PR where Qd is the amount sold, P is price, M is income, and PR is the price of a related good.  The estimated values for M and PR in 2021 are $25,000 and $200, respectively.  The marginal cost curve for this firm has been estimated as: MC = 200 – 0.024Q + 0.000006Q2. Fixed costs are forecast to be $500,000 in 2021. What is the profit-maximizing level of production?

Use the following table to answer this question.  Sony and Z…

Use the following table to answer this question.  Sony and Zenith must each decide which technology to utilize in building their 2020 model high definition television (HDTV) sets: either Alpha technology or Beta technology. Sony has a technological advantage in using Alpha technology and Zenith has a technological advantage in using Beta technology. The payoff table below shows the profit outcomes for both firms in the various possible technology choice outcomes.  Suppose the technology decision will be made sequentially, and Sony makes a strategic commitment to one of the technologies so that Sony can make the first move. Sony will choose ________ and Zenith will choose ________.