Game theory - How was the table of decision analysis formulation constructed? The Next CEO of Stack OverflowWise decision using game theory?Recursive core of coalition gameHow to split the difference in game theory?Introductory study of Survival Analysis and Decision TheoryWhy is “To prove P, assume ∼P and arrive at a false statement, which would make P true” an inaccurate description of proof by contradicition?Prove that if and only if $(A,B)$ is controllable, then $(A-BK,B)$ is also controllableKKT conditions holds true under Cottles's constraint qualifications?Decision theory vs. Game theory?One redundant equation in linear program?Game theory exercise and uniform probability
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Game theory - How was the table of decision analysis formulation constructed?
The Next CEO of Stack OverflowWise decision using game theory?Recursive core of coalition gameHow to split the difference in game theory?Introductory study of Survival Analysis and Decision TheoryWhy is “To prove P, assume ∼P and arrive at a false statement, which would make P true” an inaccurate description of proof by contradicition?Prove that if and only if $(A,B)$ is controllable, then $(A-BK,B)$ is also controllableKKT conditions holds true under Cottles's constraint qualifications?Decision theory vs. Game theory?One redundant equation in linear program?Game theory exercise and uniform probability
$begingroup$
Could someone please explain how the table in the solution was constructed?
Particularly in the first row, why $0$ and why $54$ millions?
Why was $6$ and $600$ millions not included ?
Solution
Thank you in advance
proof-explanation game-theory operations-research decision-theory
edited Mar 28 at 4:02
Will E.
123
asked Mar 28 at 3:59
Al t.Al t.
4521522
$endgroup$
add a comment |
$begingroup$
Could someone please explain how the table in the solution was constructed?
Particularly in the first row, why $0$ and why $54$ millions?
Why was $6$ and $600$ millions not included ?
Solution
Thank you in advance
proof-explanation game-theory operations-research decision-theory
edited Mar 28 at 4:02
Will E.
123
asked Mar 28 at 3:59
Al t.Al t.
4521522
$endgroup$
add a comment |
$begingroup$
Could someone please explain how the table in the solution was constructed?
Particularly in the first row, why $0$ and why $54$ millions?
Why was $6$ and $600$ millions not included ?
Solution
Thank you in advance
proof-explanation game-theory operations-research decision-theory
edited Mar 28 at 4:02
Will E.
123
asked Mar 28 at 3:59
Al t.Al t.
4521522
$endgroup$
Could someone please explain how the table in the solution was constructed?
Particularly in the first row, why $0$ and why $54$ millions?
Why was $6$ and $600$ millions not included ?
Solution
Thank you in advance
proof-explanation game-theory operations-research decision-theory
proof-explanation game-theory operations-research decision-theory
edited Mar 28 at 4:02
Will E.
123
asked Mar 28 at 3:59
Al t.Al t.
4521522
edited Mar 28 at 4:02
Will E.
123
asked Mar 28 at 3:59
Al t.Al t.
4521522
edited Mar 28 at 4:02
Will E.
123
edited Mar 28 at 4:02
Will E.
123
edited Mar 28 at 4:02
Will E.
123
123
asked Mar 28 at 3:59
Al t.Al t.
4521522
asked Mar 28 at 3:59
Al t.Al t.
4521522
asked Mar 28 at 3:59
Al t.Al t.
4521522
4521522
add a comment |
add a comment |
1 Answer
1
active
oldest
votes
$begingroup$
The $6$ was included. If the company sells $10,000$ with a variable profit of $600$ each they make $6$ million, but the fixed cost is $6$ million, so the profit is $0$. If they sell $100,000$, the variable profit is $60$ million. Deducting the $6$ million fixed cost leaves $54$ million.
answered Mar 28 at 4:14
Ross MillikanRoss Millikan
300k24200375
$endgroup$
$begingroup$
got it, thank you.
$endgroup$
– Al t.
Mar 28 at 4:27
add a comment |
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1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
$begingroup$
The $6$ was included. If the company sells $10,000$ with a variable profit of $600$ each they make $6$ million, but the fixed cost is $6$ million, so the profit is $0$. If they sell $100,000$, the variable profit is $60$ million. Deducting the $6$ million fixed cost leaves $54$ million.
answered Mar 28 at 4:14
Ross MillikanRoss Millikan
300k24200375
$endgroup$
$begingroup$
got it, thank you.
$endgroup$
– Al t.
Mar 28 at 4:27
add a comment |
$begingroup$
The $6$ was included. If the company sells $10,000$ with a variable profit of $600$ each they make $6$ million, but the fixed cost is $6$ million, so the profit is $0$. If they sell $100,000$, the variable profit is $60$ million. Deducting the $6$ million fixed cost leaves $54$ million.
answered Mar 28 at 4:14
Ross MillikanRoss Millikan
300k24200375
$endgroup$
$begingroup$
got it, thank you.
$endgroup$
– Al t.
Mar 28 at 4:27
add a comment |
$begingroup$
The $6$ was included. If the company sells $10,000$ with a variable profit of $600$ each they make $6$ million, but the fixed cost is $6$ million, so the profit is $0$. If they sell $100,000$, the variable profit is $60$ million. Deducting the $6$ million fixed cost leaves $54$ million.
answered Mar 28 at 4:14
Ross MillikanRoss Millikan
300k24200375
$endgroup$
The $6$ was included. If the company sells $10,000$ with a variable profit of $600$ each they make $6$ million, but the fixed cost is $6$ million, so the profit is $0$. If they sell $100,000$, the variable profit is $60$ million. Deducting the $6$ million fixed cost leaves $54$ million.
answered Mar 28 at 4:14
Ross MillikanRoss Millikan
300k24200375
answered Mar 28 at 4:14
Ross MillikanRoss Millikan
300k24200375
answered Mar 28 at 4:14
Ross MillikanRoss Millikan
300k24200375
answered Mar 28 at 4:14
Ross MillikanRoss Millikan
300k24200375
300k24200375
$begingroup$
got it, thank you.
$endgroup$
– Al t.
Mar 28 at 4:27
add a comment |
$begingroup$
got it, thank you.
$endgroup$
– Al t.
Mar 28 at 4:27
$begingroup$
got it, thank you.
$endgroup$
– Al t.
Mar 28 at 4:27
$begingroup$
got it, thank you.
$endgroup$
– Al t.
Mar 28 at 4:27
add a comment |
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