Figure: Payoff Matrix for Ajinomoto and ADM (Figure: Payoff Matrix for Ajinomoto and ADM) Given the payoff matrix in the figure Payoff Matrix for Ajinomoto and ADM, the optimal combination for maximum combined profit occurs when:
A)each firm produces 30 million pounds.
B)each firm produces 40 million pounds.
C)ADM produces 30 million pounds and Ajinomoto produces 40 million pounds.
D)ADM produces 40 million pounds and Ajinomoto produces 30 million pounds.

Question

Figure: Payoff Matrix for Ajinomoto and ADM   (Figure: Payoff Matrix for Ajinomoto and ADM) Given the payoff matrix in the figure Payoff Matrix for Ajinomoto and ADM, the optimal combination for maximum combined profit occurs when:
A)each firm produces 30 million pounds. 
B)each firm produces 40 million pounds. 
C)ADM produces 30 million pounds and Ajinomoto produces 40 million pounds. 
D)ADM produces 40 million pounds and Ajinomoto produces 30 million pounds.

Quizplus · Accepted Answer

The Answer of Figure: Payoff Matrix for Ajinomoto and ADM   (Figure: Payoff Matrix for Ajinomoto and ADM) Given the payoff matrix in the figure Payoff Matrix for Ajinomoto and ADM, the optimal combination for maximum combined profit occurs when:
A)each firm produces 30 million pounds. 
B)each firm produces 40 million pounds. 
C)ADM produces 30 million pounds and Ajinomoto produces 40 million pounds. 
D)ADM produces 40 million pounds and Ajinomoto produces 30 million pounds.