NU market is about to place an order for Valentine's Day candy. The candy can be bought for $1.40 per box and is sold for $2.90 per box up to Valentine's Day. After Valentine's Day, any remaining boxes are sold for $1.00 each. All surplus candy can be sold at this reduced price. Demand at the regular retail price is a random variable with the following discrete probability distribution:

Demand (in boxes) 8 9 10 11 12

Probability 0.15 0.15 10 0.30 0.30 12 0.10 Determine the expected demand for boxes of candy at the regular retail price. b. Determine the optimal number of boxes to stock. C. What is the expected profit for your order in part b?

Walmart and target are the only stores in a remote town that currently stock and sell the playstation 5 video game console. managers at both stores are simultaneously deciding whether to charge a price of $1,000 or $1,500 for each console. if both stores charge $1,000, they earn a profit of $100,000 each. if both stores charge $1,500, they earn a profit of $200,000 each. if one store charges $1,000 and the other store charges $1,500, the store that charges $1,000 earns a profit of $250,000 and the firm that charges $1,500 earns a profit of $50,000. if walmart and target they can both charge $1,500 and earn the highest combined profit available. engage in spirited price competition collude with each other privately undercut each other after making an agreement compete with each other only with regard to price and not quantity compete with each other only with regard to quantity and not price