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Author Question: A lake supports a delicious variety of fish. The land around the lake is owned by two fisherman, so ... (Read 327 times)

chandani

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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.


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kalskdjl1212

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

D


chandani

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

Hdosisshsbshs

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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