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)
Answer:
Y=(4x)^3
Y=64x^3
Step-by-step explanation:
Y=(3√x)÷4
Making X subject of formula
4y= (3√x)
(4y)^3= (3√x)^3
(4y)^3 = X,
Replacing Y with X
Y=(4x)^3
Y=64X^3
Answer:
Simplify.
(2x2 - 5x + 3) - (-x2 + 4x - 5)
the answer is -7x +12
Step-by-step explanation:
the question can be solved using BODMAS law
from Simplify.
(2x2 - 5x + 3) - (-x2 + 4x - 5)
opening the bracket
4-5x + 3 + 2x - 4x + 5
collecting the like terms we have;
12-7x
therfore ; -7x + 12
