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Please help me in both questions, thank you very much :)QUESTION 4 John and Louise are trying to figure out how to spend their Saturday night. They will do things together, but value the following three possible activities differently. They can go to a music concert, watch the tennis, or have a picnic in the park. John would prefer to go to the concert but Louise does not really like the music that will be played. Meanwhile, Louise wants to have a picnic but John does not really like the outdoors. What activity(s) will be chosen by: a. John (enter M for Music Concert, T for Tennis or P for Picnic) b. Louise (enter M for Music Concert, T for Tennis or P for Picnic) Louise Music Concert (M) 40,10 0,0 0,0 Tennis (T)Picnic (P) 5,15 0,25 10,50 15,0 15,15 0,0 Music Concert (M) John Tennis (T) Picnic (P)

QUESTION 5 Netflix, Hulu and Amazon Prime are three streaming services that all offer a range of movies and TV shows. Together these three products dominate the online streaming market. Answer the following questions: a. The average monthly subscription for these online accounts is eight dollars. Considering the relation between this price, and marginal cost for streaming, is it likely that price will exceed MC in this scenario? Type Y for Yes or N for No. b. Amazon and Netflix are bidding for the rights to a new TV Show called Jimmys Lectures. However, there are also other shows for which the two services wish to bid and as a result, they are trying to establish their bidding budget for the next year. Both realise that how much they spend on bidding depends on how much the other spends on bidding. Based on the payoff matrix below, what is the Nash equilibrium? in the following format: strategy of left player, strategy of top player. For example, enter your answer as SS for (Small, Small) or SM for (Small, Medium) or MM for (Medium, Medium) etc. If a Nash Equilibrium does not exist, enter N for None Type your answer Small Budget (S) Small Budget (S) 25, 25 Medium Budget 40, 10 Medium Budget (M) 10, 40 20, 20 Large Budget (L) 3, 55 8, 35 Large Budget (L) 55, 3 35. 8 15, 15 c. In the event where Amazon and Netflix decided to bid for completely different shows over the next year, would the payoff matrix be useful? for No Type Y for Yes or N

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louisc 84) (0,0) (I5) (0. BO a) Tbhn Beleals picnic P. B.) Louise f→Picnic f04 (5,3) (3,8) ( ) a Yes ,(y), Buor ghows ase die

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