UniversityEssayServices

Jack and Jill have gone out for cycling and they have come to a place where the road is obstructed by a fallen tree. They can move the tree if both of them try. If none of them​ tries, they have to turn back and reach home very late.​ However, if one of them tries while the other does not​ help, the one who tries will have a muscle sprain and will not be able to move the tree. The matrix below shows the utility each of them derives in each situation. The first number listed in each cell is the payoff to the row player and the second number listed is the payoff to the column player.

 

Refer to the scenario above. Jack will derive​ ________ units of utility if both of them try to move the tree.

A.5

B.−5

C.−2

D.10

Refer to the scenario above. Jack will derive​ ________ units of utility if Jill tries to move the tree while he does not try at all.

A.5

B.−5

C.−2

D.10

Refer to the scenario above. Jack and Jill will derive maximum utility​ if:

A.neither of them tries to move the tree.

B.Jack tries to move the​ tree, while Jill does not.

C.Jill tries to move the​ tree, while Jack does not.

D.both of them try to move the tree.

Refer to the scenario above. Which of the following is true in this​ case?

A.Jill is better off by not trying if Jack tries to move the tree.

B.Jack is better off by trying to move the tree if Jill does not try at all.

C.Jack is better off by trying to move the tree if Jill tries to move the tree.

D.Jill is better off by trying to move the tree if Jack does not try at all.

Refer to the scenario above. This game​ ________.

A.does not have a dominant strategy equilibrium

B.does not have a Nash equilibrium

C.has a unique Nash equilibrium

D.has a unique dominant strategy equilibrium

 

Share this :
Share on facebook
Share on twitter
Share on whatsapp
Share on pinterest

Found something interesting ?

• On-time delivery guarantee
• PhD-level professional writers
• Free Plagiarism Report

• 100% money-back guarantee
• Absolute Privacy & Confidentiality
• High Quality custom-written papers

Related Model Questions

Feel free to peruse our college and university model questions. If any our our assignment tasks interests you, click to place your order. Every paper is written by our professional essay writers from scratch to avoid plagiarism. We guarantee highest quality of work besides delivering your paper on time.

Special Offer

Use the Coupon Code: SAVE25 to save 25% on your next order.
SAVE