Please help

Determine the optimal strategy for the situation by representing it as a game and finding the saddle point. State your final answer in the terms of the original question. A Republican and a Democratic candidate are running for office in a heavily Republican county. A recent newspaper poll comparing their views on taxes and welfare reform showed that when compared on taxes or on welfare reform, the Republican leads by 15%. When comparing the Democrat on welfare reform to the Republican on taxes, the Republican leads by 20%. But when comparing the Democrat on taxes to the Republican on welfare reform, the Republican leads by only 5%. Use this information to decide what each candidate should discuss at their next debate. (Let T represent taxes and W represent welfare reform.) Democrat T W % % Republican 0/o The saddle point is the in row and column What should each discuss at their next debate? O The democratic candidate should discuss welfare reform, while the republican candidate discusses taxes. The democratic candidate should discuss taxes, while the republican candidate discusses welfare reform. O They both should discuss taxes at their next debate. O They both should discuss welfare reform at their next debate./5 Points For the game, identify the saddle point and determine the corresponding optimal strategy for each player. The saddle point is the in row and column The optimal strategy is for R to always choose row and for C to always choose column # Show My Work (Optional) ? [-/5 Points] DETAILS BERRFINMATH1 8.1.005. MY NOTES ASK YOUR TEAC For the game, identify the saddle point and determine the corresponding optimal strategy for each player. - 3 -1 The saddle point is the in row and column The optimal strategy is for R to always choose row and for C to always choose column Show My Work (Optional)? 5. [-/5 Points] DETAILS BERRFINMATH1 8.1.006. MY NOTES ASK YOUR TEAC For the game, identify the saddle point and determine the corresponding optimal strategy for each player. 26 6 5 4 24 15 22 28 10 14 23 8 The saddle point is the in row and column The optimal strategy is for R to always choose row and for C to always choose columnFor the situation, identify the two players and their possible choices, and construct a payoff matrix for their conflict. Andersonville has two gas stations, Ralph's Qwik-Serv and Charlie's Gas-n-Go. Both Ralph and Charlie are considering raising prices by 1Ac, staying with their current prices, or lowering prices by 1Ac. If they both make the same choice, there will be no change in their market shares, but if they make different choices, the one with the lower price will gain 3% of the market for each penny difference in their prices. Charlie R S % Ralph S o/ % What does R represent? O R represents lowering the price by 1c. OR represents raising the price by 1c. O R represents keeping the price the same. What does S represent? S represents raising the price by 1c. O S represents keeping the price the same. O S represents lowering the price by 1c. What does L represent? O L represents lowering the price by 1c. O L represents keeping the price the same. O L represents raising the price by 1c. Show My Work (Optional) ? 2. [-/5 Points] DETAILS BERRFINMATH1 8.1.003. MY NOTES ASK YOUR TEACHER For the game, identify the saddle point and determine the corresponding optimal strategy for each player. (6 8) The saddle point is the in row and column The optimal strategy is for R to always choose row and for C to always choose column