Will and Grace have adjoining unfenced back yards and each has just adopted a new puppy. Will values a fence between their yards at $250 and Grace values a fence between their yards at $200. The cost of building the fence is $300, which will be split equally if they both agree to build the fence. Therefore, their payoff matrix is as follows. If Will decides to build the fence, then Grace will earn a higher payoff by ________, and if Will decides to not build the fence, then Grace will earn a higher payoff by ________.
A. not helping to build the fence; also not building the fence
B. helping to build the fence; also not building the fence
C. not helping to build the fence; building the fence
D. helping to build the fence; building the fence
Answer: A
You might also like to view...
What is the difference between "shutting down temporarily" and "exiting the industry"?
What will be an ideal response?
Which of the following is true of U.S. net exports prior to the 1960s?
a. Since most of the oil needs of the U.S. were met through imports, imports exceeded exports prior to the 1960s in the U.S. b. Prior to the 1960s, exports from the U.S. more or less equalled imports into the U.S. c. The U.S. was running a trade surplus prior to the 1960s. d. Prior to the 1960s, the U.S. ran twin deficits- both a current account deficit as well as a budget deficit. e. Since the U.S. dollar was overvalued prior to the 1960s, the U.S. neither exported nor imported any goods and services.
A person buys a bond with a face value of $10,000 for $9,325. Each year until the maturity date the bond buyer receives a coupon payment of $650 from the issuer of the bond. The coupon rate on the bond is
A) 9.11 percent. B) 6.5 percent. C) 7.0 percent. D) 6.75 percent.
Sulfur dioxide in the air is_____ than its 1975 level.
A. 84% less B. 40% more C. 8% less D. 8% more