I Student Portal | Main X 6 courses ECN-601-0500-2023 x MindTap - Cengage Learning X Dashboard X Course Hero X + V X - > C Ong.cengage.com/staticb/ui/evo/index.html?deploymentld=5796251885001781434293041 195&zeISBN=9781337106603&id=16976899708snapshotld=3305054& Sheronda CENGAGE |MINDTAP Q Search this course ? My Home Exam 2 X Courses Test: Exam 2 ave Submit Test for Grading Catalog and Study Tools Rental Options Questions fr1me05r.17.042 Question 22 of 40 A-Z 20. College Success Tips 21. Career Success Tips 22. O Use the following information for questions 36-48 ? Help 23 Transcendent Technologies is deciding between developing a complicated thought-activated software, or a simple voice-activated software. Since the thought-activated software is complicated, it only has a 30% chance of actually going through to a successful launch, but would generate revenues of 24 Give Feedback $50million if launched. The voice-activated software is simple and hence has a 80% chance of being launched but only generates a revenue of 25 $10million. The complicated technology costs 10million, whereas the simple technology costs 2million. 26 Launching the simplified version would be a mistake for probabilities less than 27 O a. 0.6 28 O b. 0.7 29 O c. 0.8 30 O d. 1.0 31 O 32. 33. m . 53.F Search 7:21 PM Clear w 3/7/2023 21I Student Portal | Main X 6 courses ECN-601-0500-2023 x MindTap - Cengage Learning X *Homework Help - Q&A from x Course Hero X + V X - > C Ong.cengage.com/staticb/ui/evo/index.html?deploymentld=5796251885001781434293041 195&eISBN=9781337106603&id=16976899708snapshotld=3305054& Sheronda CENGAGE |MINDTAP Q Search this course ? My Home Exam 2 X Courses Test: Exam 2 ave Submit Test for Grading Catalog and Study Tools Rental Options Questions fr1me05r.16.022 Question 19 of 40 A-Z 17. College Success Tips 18. Career Success Tips 19 O Use questions 16- 27 use the following setup ? Help 20 Consider a sequential game between a shopkeeper and a haggling customer. The party who moves first chooses either a high price ($50) or low price ($20) and the second mover either agrees to the price or walks away from the deal and neither party gets anything. Ignore costs and assume the 21. Give Feedback customer values the item at $60. 22. O This sequential game illustrates a 23. O a. Third mover advantage 24 O b. Second mover advantage 25 O c. First mover advantage 26. O d. No advantage based on moves 27. 28 O 29 30. 53.F Search 7:21 PM Clear w 3/7/2023 21