Answer:
Step-by-step explanation:
Determine the best response of each player to each of the other player’s actions; plot them in a diagram and thus find the Nash equilibria of the game.
The best response for player 2 can be stated as:
(where X1 equals the dollar that a person names and Y2(X1) being the amount the person receives)
X1 Y2(X1)
0 10
1 9,10
2 8,9,10
3 7,8,9,10
4 6,7,8,9,10
5 5,6,7,8,9,10
6 5,6
7 6
8 7
9 8
10 9
Th best responses for player 1 would be the same.
Nash equilibria is the set of strategies that every person forms given no person has any incentive to change. Hence, we can say that there are 4 Nash equilibria: (5,5) , (5,6) , (6,5) , (6,6)
Okay!
Notable things in the problem:
2011 <u>minutes</u> <u>AFTER</u> the beginning of January 1rst.
12:00AM will be our starting time, because that's when January 1rst begins.
It'll be a bit easier to work with if we convert the 2011 minutes into hours.
So take 2011 minutes and divide it by 60 to get the number of hours.
2011 / 60 = 33 hours and 31 minutes
You wouldn't be able to easily get the exact number of minutes from a calculator. You'll need to use long division. The remainder will be the number of minutes. If you want to check you can multiply the number of hours by 60 and add 31 to the product. If it doesn't equal 2011 minutes then something is amiss.
12:00 AM
Since we know this is a 24 hour clock we can subtract 24 from our number of hours. (Just remember that this is the next day)
12:00 AM with 9 hours and 31 minutes left.
9:31 AM a day later is our time!<u />
B. -29
6.5(22.4 - 6.8) = 101.4
.7(48) - 15) = 18.6
101.4 + 18.6 = 120
120 - 29 = 91
Answer:
8 miles per hour
Step-by-step explanation:
21.6/2.7
=8 miles per hour
I believe the answer is 50
