Question
Suppose there is a pond with fishes and “n” number
of fishermen living around it. Let a i is time spent fishing per day by player i. Thus total time per day is a 1 + ... + a n. The number of fish available at any time is given by: (2000- Σ i a i ). The number of fish caught by a fisherman “j” is: a j (2000- Σ i a i ). Then what would be the best response of fisherman “i” to maximise his total?Solution
Fish caught by “i”: a i (2000- (a i + Σ j≠i a j )). Now we have to maximise this expression. Therefore differentiating w.r.t ai and equating to 0 a i = 1000 - Σ j≠i a j /2 Now each player will try to maximise his catch and assuming each one using the same strategy a i = a * to achieve equilibrium a* = 1000 - (n-1) a* /2 a* = 2000 / (n+1) So catch by each player=[2000 / (n+1)] 2
I. The Indian government A. has implemented sector B. reforms such as the Goods and Services Tax (GST) to
Which is the SIXTH (LAST) sentence of the paragraph?
Which of the following should be the FIRST sentence after the rearrangement?
Which one among the following is the third sentence to make the paragraph coherent?
1. In 1900, at the age of 21, Albert Einstein was a university graduate and unemployed.
P. He finally secured a job in 1902 as a technical expert...
In order to reach big goals
P - you must continue moving in
Q - your chosen direction
R - you need time, during which
Which of the following is the fourth sentence of the passage?
1. After school, we went home and told our respective parents about the incident.
P. The Principal summoned the teacher.
Q. Not only did t...
For instance, a 1993 agreement between India and China provide that neither side shall use or threaten to use force against the other by any means.
Revenue expenditure (P)/refers to the excess of government’s(Q)/ Revenue Deficit(R)/over revenue receipts(S).
