HBO and Showtime are both considering producing new television shows. They could produce either a romantic comedy or a historical drama. The profits are illustrated in the following payoff matrix. Use the table shown here to answer the three true false questions that follow. Note: these questions are taken from Study Problem 2 in Chapter 18 of your textbook. Showtime produces romantic Showtime produces historical comedy drama HBO produces HBO receives $19 million profit HBO receives $22 million profit romantic Showtime receives $13 million Showtime receives $10 million comedy profit profit HBO produces HBO receives $30 million profit HBO receives $25 million profit historical Showtime receives $14 million Showtime receives $8 million drama profit profit Question 8 3 pts If HBO chooses to produce a romantic comedy, then Showtime's best response is to produce a historical drama. [Select] HBO's best response is to always produce a historical drama. [Select ] Showtime's best response is to always produce a romantic comedy. [Select]

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30-11-2022
Computers and Technology

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HBO and Showtime are both considering producing new television shows. They could produce either a romantic comedy or a historical drama. The profits are illustrated in the following payoff matrix. Use the table shown here to answer the three true false questions that follow. Note: these questions are taken from Study Problem 2 in Chapter 18 of your textbook. Showtime produces romantic Showtime produces historical comedy drama HBO produces HBO receives $19 million profit HBO receives $22 million profit romantic Showtime receives $13 million Showtime receives $10 million comedy profit profit HBO produces HBO receives $30 million profit HBO receives $25 million profit historical Showtime receives $14 million Showtime receives $8 million drama profit profit Question 8 3 pts If HBO chooses to produce a romantic comedy, then Showtime's best response is to produce a historical drama. [Select] HBO's best response is to always produce a historical drama. [Select ] Showtime's best response is to always produce a romantic comedy. [Select]

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charithran8975 charithran8975 · Answer 1 · 2022-12-02T19:15:46+01:00

The ideal response from HBO is usually to create a historical drama- True. False: If HBO decides to make a romantic comedy, Showtime's best reaction is to do the same. The best way for Showtime to unwind is to create a romantic comedy- True.

The graph's information allows us to determine the profit of HBO and Showtime in light of several scenarios, including:

HBO's income from producing fragrant comedies are $ 19 million and Showtime's are $ 13 million (Showtime)

If Showtime makes a historical drama and HBO does a romantic comedy, the profits are $22 million for HBO and $ 10 million for Showtime, respectively (Showtime)

The revenues from a historical drama produced by HBO and Showtime are $ 25 million (HBO) and $ 8 million (Showtime) (Showtime)

If Showtime produces a romantic comedy and HBO a historical drama, the profits are $30 million for HBO and $14 million for Showtime.

This leads us to the conclusion that:

Because it makes between $ 25 million and $ 30 million per historical drama it produces, HBO's best reaction is usually to do so. On the other hand, it makes between $ 19 and $ 22 million from producing romantic comedies.

When HBO decides to produce a romantic comedy, Showtime's best answer is to produce a historical drama, yet this is untrue because Showtime makes more money producing historical drama than it does when HBO produces a romantic comedy ($10 million against $13 or $14 million).

Given that its profits from producing comedies are between $ 13 and $ 14 million and those from making historical dramas are between $ 10 and $ 8 million, Showtime's best solution is to make comedies.

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