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Game Theory and Strategy · End Term · 13 Sept 2026 · May 2026 term

Question 35: An outcome is said to be socially efficient if it maximi…

Question 35

+2 marksOne correct option

In a community of 1000 people, there are 300 type A people whose native language is Language A and 700 type B people with native language B. Everyone can speak and understand his or her native language. A native speaker of Language A can learn language B at cost CA ≥ 0 and a native speaker of Language B can learn language A at cost CB ≥ 0. The value to anyone of being able to speak to and understand another person is 1 per person. Based on the above data, answer the given subquestions.

An outcome is said to be socially efficient if it maximizes total benefits minus total costs. For what values of CA and CB would it be socially efficient for type A’s to learn language B? The condition on CA and CB should be

  1. A

    (A figure from the original paper is missing from the source site.)

  2. B

    (A figure from the original paper is missing from the source site.)

  3. C
  4. D
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Correct answer

  • A

    (A figure from the original paper is missing from the source site.)

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Question 35 of 45 in the IIT Madras BS Game Theory and Strategy (Game Theory) End Term paper sat on 13 Sept 2026, in the May 2026 term (Game Theory And Strategy 13 Sep 26). It carries 2 marks.

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