So to get the answer you do 100100100+303030-101010 which = 100302120 x 10 (the amount she/he gets for each subscriber) which is the amount of money Kiersten earned.
Hope this helped
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)
(x,y)--->(-x,y) should be it
Answer:
below
Step-by-step explanation:
Two students are selling cookies at a bake fair. Jake is selling cookies for $2.50 each plus $6 for the packaging. Kevin is selling cookies for $3.25 each plus $3 for the packaging. How ma cookies would both have to sell to make the same amount of money?
2.5x + 6 = 3.25x + 3
2.5x = 3.25x - 3
-0.75x = -3
x = 4 cookies
Best of Luck!
Answer: 20
Step-by-step explanation:
