QUESTION 141² per3 ranchers use a grassland to feed their cows. The ranchers must choose how many cows to raise. The benefit of raising a cow for a rancher is 100-cow, where G is the total quantity of cows using the grassland. The marginal cost of raising a cow is 10. Hence, the net benefit of raising cows for any rancher is-C²)g- 10g, where g is the quantity of cows raised by the rancher. What is the total quantity of cows using the grassland, implied by the Nash3(100-Equilibrium?09√53√5O912QUESTION 153 ranchers use a grassland to feed their cows. The ranchers must choose how many cows to raise. The benefit of raising a cow for a rancher is 90-G per cow,where is the total quantity of cows using the grassland. The marginal cost of raising a cow depends on the number of cows and equal to MC = 6g₁, where g, isthe number of cows raised by a rancher i, i = 1,2,3. What is the optimization problem that rancher 1 solves?max, (90-G)g₁-691max (90-G)G-6Gmax (90-C)G-3G²9₁ (90-G)g₁-391max g₁ (s

3 ranchers use a grassland to feed their cows. The ranchers must choose how many cows to raise. The benefit of raising a cow for a rancher is 100- 1²p per cow, where G is the total quantity of cows using the grassland. The marginal cost of raising a cow is 10. Hence, the net benefit of raising cows for any rancher is (100-²) - 10g, where g is the quantity of cows raised by the rancher. What is the total quantity of cows using the grassland, implied by the Nash Equilibrium? ● O O √5 ● √5 QUESTION 15 ● 9 3 ranchers use a grassland to feed their cows. The ranchers must choose how many cows to raise. The benefit of raising a cow for a rancher is 90-G per cow, where is the total quantity of cows using the grassland. The marginal cost of raising a cow depends on the number of cows and equal to MC = 6g₁, where g, is the number of cows raised by a rancher i, i=1,2,3. What is the optimization problem that rancher 1 solves? 12 max, (90-C)g₁-691 max (90-C)C-6G max (90-C)G-3G² max, (90-C)g₁-391

3 ranchers use a grassland to feed their cows. The ranchers must choose how many cows to raise. The benefit of raising a cow for a rancher is 100- 1²p per cow, where G is the total quantity of cows using the grassland. The marginal cost of raising a cow is 10. Hence, the net benefit of raising cows for any rancher is (100-²) - 10g, where g is the quantity of cows raised by the rancher. What is the total quantity of cows using the grassland, implied by the Nash Equilibrium? ● O O √5 ● √5 QUESTION 15 ● 9 3 ranchers use a grassland to feed their cows. The ranchers must choose how many cows to raise. The benefit of raising a cow for a rancher is 90-G per cow, where is the total quantity of cows using the grassland. The marginal cost of raising a cow depends on the number of cows and equal to MC = 6g₁, where g, is the number of cows raised by a rancher i, i=1,2,3. What is the optimization problem that rancher 1 solves? 12 max, (90-C)g₁-691 max (90-C)C-6G max (90-C)G-3G² max, (90-C)g₁-391

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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