2. 2 PER SON GAME PLAYER A'S PAYOFF FUNCTION: $(x,g)= x(48 - 4x+g) PAYER B'S PAYOFS FUC TION: g(x.s)=g(96-82y-9x) a) MAXINIZE f WRT X ANO wRT FIND AND GROPH THE REACTION FUNCTIOR - FINO (EQUILIDRIUr) to
2. 2 PER SON GAME PLAYER A'S PAYOFF FUNCTION: $(x,g)= x(48 - 4x+g) PAYER B'S PAYOFS FUC TION: g(x.s)=g(96-82y-9x) a) MAXINIZE f WRT X ANO wRT FIND AND GROPH THE REACTION FUNCTIOR - FINO (EQUILIDRIUr) to
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
!
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc9765160-bba8-44e8-bf0e-e247a787fcb9%2Fb0d7ff01-5a4d-4422-a2d0-775ec82424ff%2F9xive5_processed.jpeg&w=3840&q=75)
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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