ch10.4

typing is prefered than hand-writing.

4. Consider the souffle bakers Gaston and Pierre, described in Problem 3. Suppose Gaston and Pierre are each faced with the choice of baking 3 or 4 souffles each morning. a. Calculate the profits each would earn based on the decision each makes. Insert those numbers into the table below, with Gaston's number on the left and Pierre's on the right. Pierre Bake 4 Souffles Bake 3 Souffles Gaston Bake 4 Souffles Bake 3 Souffles b. Explain how the profits Gaston earns are conditional on the decision Pierre makes. c. Draw parallels between this problem and the advertising game Disney and Warner Brothers play in Table 1