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2 ranchers use a grassland to feed their cows. The ranchers must choose how many cows to raise. The benefit of raising a
Posted: Wed Jul 06, 2022 6:20 am
by answerhappygod
- 2 Ranchers Use A Grassland To Feed Their Cows The Ranchers Must Choose How Many Cows To Raise The Benefit Of Raising A 1 (76.12 KiB) Viewed 12 times
2 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 100-5G per cow, where 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 (100-5G)g - 10g, where 9 is the quantity of cows raised by the rancher. What is the quantity of cows that each rancher raises in a Nash Equilibrium? O 6 8 O 9