Continuous Expansion of its Economy Assignment Example | Topics and Well Written Essays - 3500 words

Continuous Expansion of its Economy - Assignment Example If Hip-hop sells CDs at 11, Gerries sells it at 10 and the latter gets 1800 monthly sales. If Hip-hop sells at 10, still Gerries gets 1800. A low price of 10 is the dominant strategy because Gerries gets it no matter how much the price Hip-hop sells the CDs. The retailers have the option to sell the CDs at 10 or 11, and they can have a pre-commitment to meet the competition. If both sell at 10, they get 2000 each monthly sales, and if they sell at 11, they get 1800 each monthly sales. This is the dominant price. They can collude successfully, meaning they agree to sell this at this price. But each has the option to manipulate or to retaliate. Gerries can outsmart Hip-hop or Hip-hop can outsmart Gerries, making the 360 - 1600 sales for the 10 - 11 sell-off. They both have the ability to retaliate because the difference is only 1. And what is 1 But what is 1 if you multiply it with the number of CDs sold in a month The figure is enticing to the mind of a retailer/businessman because it would seem big: 1 x nos. of CDs in a month would seem big. But if we follow our matrix, the picture is clear that if one sells at 11 and the other 10, the one who sells high will only get 360 and the other 1600. Two fast food restaurant chains, BurgerBinge and McGinnis, are considering outlets within the same small shopping mall. If they both begin operations they will each lose 100,000 pa. If only one sets up it will earn 250,000 pa. profits. Draw up the pay off matrix. Use the matrix to define and explain the notion of "first mover advantage". In the first-mover advantage, a game is in equilibrium when neither player has an incentive to alter their choice. This means that both players have decided to set up their outlets. If they withdraw or do not set up, the game is not in equilibrium. In the matrix, if BurgerBinge sets up the outlet alone, he gets 250,000 profits pa, but if McGinnis sets up too, they will both lose 100,000 each. When both do not set up, they won't have profits, and the game is not in equilibrium. Â  

A critical reading of Harriet Jacobs Incidents in the Life of a Slave Term Paper

A critical reading of Harriet Jacobs Incidents in the Life of a Slave Girl - Term Paper Example Opponents fail to realize that given any medium or structure black writers follow, they would still be criticized. The pleas of black womens suppression have time and again been negated because of its non-appealing ideology - freedom for women of a colored race and letting them be at par with white society intellectually. Harriet Jacobs Incidents in the Life of a Slave Girl should be considered a monumental work in black women’s emancipation because it juxtaposed literacy as the key to freedom during an age of slavery and degradation of basic human rights. Social discourse often begins with people concerned with an issue, and wants it to be understood by the society. If it is of interests to the society, it would be forwarded and reformed. Such transformations pervade hierarchical power relations, race, gender, economic status and social construct because the society desires it. Jacobs narrative Incident has been one such discourse which demonstrated that her society was one in which "white men" compelled slaves to live base dishonorable lives under the guise of the Fugitive Slave Law and indulged in the vilest act to exploit slaves as would bloodhounds (Jacobs 69). Basic social norms of today were unheard of during Jacobs time. A slaves child was born a slave (Jacobs 11). She was the property (and not a human being) of her master regardless of the relations she had with her family. A slave did not have the right to bond with her family. This was evidenced in Jacobs words about her father who was a carpenter: "His strongest wish was t o purchase his children; but, though he several times offered his hard earnings for that purpose, he never succeeded." (Jacobs 11). There was nothing novel in Jacobs experience if compared to other slaves in the country during the Revolutionary War time. But her experience did make a difference because Jacobs was fortunate to be raised, educated