2. 2 PER SON GAME PLAYER A'S PAVOFF FUNCTION: f(x,9) = x(48- 4x+g) PAYER B'S PAYOFT FUCTION: g(x,s)=g(96-82y-9x) ANO 1 んe下 FIND AND GRO PH THE REACTION FUNCTIONS FINO to

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 11RQ: What is die difference between accounting and economic profit?
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2.
2 PER SON GAME
PLAYER A's
PAVOFF FUNCTION:
$(x,) = x(48- 4x+g)
%3D
PAYER B's PAYOFS FUNCTION
g(xs)=y(96-82y-9x)
26
a) MOXiniZE t WRT X
ANO
weT
FIND AND GRO PH THE REACTION FUNCTIONS
6) FINO X X
(EQULIDRIur)
3.
to
Transcribed Image Text:2. 2 PER SON GAME PLAYER A's PAVOFF FUNCTION: $(x,) = x(48- 4x+g) %3D PAYER B's PAYOFS FUNCTION g(xs)=y(96-82y-9x) 26 a) MOXiniZE t WRT X ANO weT FIND AND GRO PH THE REACTION FUNCTIONS 6) FINO X X (EQULIDRIur) 3. to
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