MegaSports,Inc

question 41

Essay

MegaSports,Inc.produces two high-priced metal baseball bats,the Slugger and the Launcher,that are made from special aluminum and steel alloys.The cost to produce a Slugger bat is $100,and the cost to produce a Launcher bat is $120.We cannot assume that MegaSports will sell all the bats it can produce.As the selling price of each bat model-Slugger and Launcher-increases,the quantity demanded for each model goes down.​
Assume that the demand,S,for Slugger bats is given by S = 640 − 4P_S and the demand,L,for Launcher bats is given by L = 450 − 3PL where P_S is the price of a Slugger bat and P_L is the price of a Launcher bat.The profit contributions are P_S S − 100S for Slugger bats and P_L L − 120L for Launcher bats.Develop the total profit contribution function for this problem.

---

Definitions:

Political Scientist

A social scientist who studies the theory and practice of politics, governmental policies, and political behavior.

Robert Axelrod

An American political scientist known for his interdisciplinary work on the evolution of cooperation.

Prisoner's Dilemma Game

The Prisoner's Dilemma Game is a standard example of a game analyzed in game theory that shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interest to do so.

Modeling Helpful Behavior

Demonstrating actions that are beneficial or supportive to others, which can serve as a guide for behavior.