You have been texting with your friends trying to make plans for this evening. Your best friend Jocelyn is not sure if she will finish her homework in time to come out, but if she does, she wants to go to a new restaurant on the north end of town that you've both been wanting to try. Another group of friends is going to a restaurant on the south end of town, but you've already been to this restaurant and it was only okay. Overall, you would prefer to go to the restaurant with Jocelyn. But if Jocelyn isn't coming out, you would rather hang out with your friends than stay home. No one is returning your calls, but you need to get on the subway and head into town if you want to do anything this evening. You have to decide whether to head north or south. What can we say about a potential dominant strategy in this game? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the option once to place a check mark. For incorrect answer(s), click the option twice to empty the box. Your dominant strategy is to head north if you think Jocelyn is coming out. Your dominant strategy is to head south if you think Jocelyn is staying in. Your dominant strategy is to head south. You do not have a dominant strategy. Your dominant strategy is to head north.
You have been texting with your friends trying to make plans for this evening. Your best friend Jocelyn is not sure if she will finish her homework in time to come out, but if she does, she wants to go to a new restaurant on the north end of town that you've both been wanting to try. Another group of friends is going to a restaurant on the south end of town, but you've already been to this restaurant and it was only okay. Overall, you would prefer to go to the restaurant with Jocelyn. But if Jocelyn isn't coming out, you would rather hang out with your friends than stay home. No one is returning your calls, but you need to get on the subway and head into town if you want to do anything this evening. You have to decide whether to head north or south. What can we say about a potential dominant strategy in this game? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the option once to place a check mark. For incorrect answer(s), click the option twice to empty the box. Your dominant strategy is to head north if you think Jocelyn is coming out. Your dominant strategy is to head south if you think Jocelyn is staying in. Your dominant strategy is to head south. You do not have a dominant strategy. Your dominant strategy is to head north.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:You have been texting with your friends trying to make plans for this evening. Your best friend
Jocelyn is not sure if she will finish her homework in time to come out, but if she does, she wants
to go to a new restaurant on the north end of town that you've both been wanting to try. Another
group of friends is going to a restaurant on the south end of town, but you've already been to this
restaurant and it was only okay. Overall, you would prefer to go to the restaurant with Jocelyn. But
if Jocelyn isn't coming out, you would rather hang out with your friends than stay home. No one is
returning your calls, but you need to get on the subway and head into town if you want to do
anything this evening. You have to decide whether to head north or south.
What can we say about a potential dominant strategy in this game?
Instructions: In order to receive full credit, you must make a selection for each option. For correct
answer(s), click the option once to place a check mark. For incorrect answer(s), click the option
twice to empty the box.
Your dominant strategy is to head north if you think Jocelyn is coming out.
Your dominant strategy is to head south if you think Jocelyn is staying in.
Your dominant strategy is to head south.
You do not have a dominant strategy.
Your dominant strategy is to head north.
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