5. to advertise or not to advertise suppose that creamland and dairy king are the only two firms that sell ice cream. the following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: dairy king advertise doesn't advertise creamland advertise 8, 8 15, 2 doesn't advertise 2, 15 11, 11 for example, the upper right cell shows that if creamland advertises and dairy king doesn't advertise, creamland will make a profit of $15 million, and dairy king will make a profit of $2 million. assume this is a simultaneous game and that creamland and dairy king are both profit-maximizing firms. if creamland decides to advertise, it will earn a profit ofmillion if dairy king advertises and a profit ofmillion if dairy king does not advertise. if creamland decides not to advertise, it will earn a profit ofmillion if dairy king advertises and a profit ofmillion if dairy king does not advertise. if dairy king advertises, creamland makes a higher profit if it chooses . if dairy king doesn't advertise, creamland makes a higher profit if it chooses . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing

The market price of cheeseburgers in a college town increased recently, and the students in an economics class are debating the cause of the price increase. some students suggest that the price increased because the price of beef, an important ingredient for making cheeseburgers, has increased. other students attribute the increase in the price of cheeseburgers to a recent increase in college student enrollment.1. the first group of students thinks the increase in the price of cheeseburgers is due to the fact that the price of beef, an important ingredient for making cheeseburgers, has increased. (what happened to demand and supply, shift to the right or left)2. the second group of students attributes the increase in the price of cheeseburgers to the increase in college student enrollment. (what happens to demand and supply, shift to the right or left)3. suppose that both of the events you analyzed above are partly responsible for the increase in the price of cheeseburgers. based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of cheeseburgers? (choose a, b,c, or d)a)if the price increase was small, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.b)if the equilibrium quantity of cheeseburgers decreases, then the demand shift in the market for cheeseburgers must have been larger than the supply shift.c)if the equilibrium quantity of cheeseburgers decreases, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.d)whichever change occurred first must have been the primary cause of the change in the price of cheeseburgers.

Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.