Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Question
Chapter 9, Problem 5P
(a)
To determine
The maximum number of fishes caught collectively.
(b)
To determine
The number of fish collected by person J, if J knows that remaining 9 fishers are fishing lightly collectively.
(c)
To determine
The number of fish collected by person J, if J knows that remaining 9 fishers are fishing intensely collectively.
(d)
To determine
The condition in which one individual can be better off by fishing lightly on first day, if possible.
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Microeconomics (2nd Edition) (Pearson Series in Economics)
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