Bob and Tom are two criminals who have been arrested for burglary. The police put Tom and Bob in separate cells. They offer to let Bob go free if he confesses to the crime and testifies against Tom. Bob also is told that he will serve a 15-year sentence if he remains silent while Tom confesses. If he confesses and Tom also confesses, they will each serve a 10-year sentence. Separately, the police make the same offer to Tom. Assume that if Bob and Tom both remain silent, the police only have enough evidence to convict them of a lesser crime and they will serve 3-year sentences. a. Use this information to complete the matrix below. Tom Don't confess Confess Don't confess Bob serves years Tom serves years Bob serves years Tom serves years Bob- Confess Bob serves years Tom serves years Bob serves years Tom serves years
Bob and Tom are two criminals who have been arrested for burglary. The police put Tom and Bob in separate cells. They offer to let Bob go free if he confesses to the crime and testifies against Tom. Bob also is told that he will serve a 15-year sentence if he remains silent while Tom confesses. If he confesses and Tom also confesses, they will each serve a 10-year sentence. Separately, the police make the same offer to Tom. Assume that if Bob and Tom both remain silent, the police only have enough evidence to convict them of a lesser crime and they will serve 3-year sentences. a. Use this information to complete the matrix below. Tom Don't confess Confess Don't confess Bob serves years Tom serves years Bob serves years Tom serves years Bob- Confess Bob serves years Tom serves years Bob serves years Tom serves years
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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