This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A lake supports a delicious variety of fish. The land around the lake is owned by two fisherman, so ... (Read 281 times)

chandani

  • Hero Member
  • *****
  • Posts: 541
on: Jul 1, 2018
A lake supports a delicious variety of fish. The land around the lake is owned by two fisherman, so by state law both are free to fish as much as they like. Let FA and FB be the number of fish each catches, respectively. Suppose the price of fish is 100 - FA - FB. Given this demand curve, it turns out that marginal revenue is 100 - 2FA - FB for fisherman A and 100 - FA - 2FB for fisherman B. What is the total number of fish by both in the Nash equilibrium?
 a. 30
  b. 45
  c. 60
  d. 90

Question 2

The British National Health System has been reformed
 a. twice.
  b. three times
  c. four times
  d. five or six times
  e. never.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kalskdjl1212

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

D


chandani

  • Member
  • Posts: 541
Reply 2 on: Jul 1, 2018
Gracias!

softEldritch

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Insect species diversity on British host trees supports the area hypothesis. Insect species diversity on British host trees supports the area hypothesis.
Giant African land snails Giant African land snails
Lake Sørvágsvatn in Faroe Islands Lake Sørvágsvatn in Faroe Islands
A variety of cuff sizes A variety of cuff sizes
Venous lake Venous lake
Harry and Gus fish the same lake together from the same boat. Each morning Harry typically ... Harry and Gus fish the same lake together from the same boat. Each morning Harry typically ...
Video: Factors that influence muscle tension - Sarcomere length and force, understretched and overstretched

For a complete list of videos, visit our video library