This figure below shows the payoffs involved when Sarah and Joe work on a school project together for a single grade. They both will enjoy a higher grade when more effort is put into the project, but they also get pleasure from goofing off and not working on the project. The payoffs can be thought of as the utility each would get from the effort they individually put forth and the grade they jointly receive. Seh Lew et Lew Effut The outcome of the game in the figure shown will be: Multiple Choice Joe puts forth high effort and Sarah puts forth low effort. Joe puts forth low effort and Sarah puts forth high effort. Joe and Sarah both put forth low effort. Joe and Sarah both put forth high effort.

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Chapter1: Making Economics Decisions
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This figure below shows the payoffs involved when Sarah and Joe work on a school project together for a single grade. They both will enjoy a higher grade
when more effort is put into the project, but they also get pleasure from goofing off and not working on the project. The payoffs can be thought of as the
utility each would get from the effort they individually put forth and the grade they jointly receive.
Serah
Lew Effen
High Eet
Low Effert
Joe
15
High Effon
The outcome of the game in the figure shown will be:
Multiple Choice
Joe puts forth high effort and Sarah puts forth low effort.
Joe puts forth low effort and Sarah puts forth high effort.
Joe and Sarah both put forth low effort.
Joe and Sarah both put forth high effort.
Transcribed Image Text:This figure below shows the payoffs involved when Sarah and Joe work on a school project together for a single grade. They both will enjoy a higher grade when more effort is put into the project, but they also get pleasure from goofing off and not working on the project. The payoffs can be thought of as the utility each would get from the effort they individually put forth and the grade they jointly receive. Serah Lew Effen High Eet Low Effert Joe 15 High Effon The outcome of the game in the figure shown will be: Multiple Choice Joe puts forth high effort and Sarah puts forth low effort. Joe puts forth low effort and Sarah puts forth high effort. Joe and Sarah both put forth low effort. Joe and Sarah both put forth high effort.
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