Answered>Order 4818

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 ____.

Select one:

a. not helping to build the fence, building the fence

b. helping to build the fence; also not building the fence

c. helping to build the fence; building the fence

d. not helping to build the fence; also not building the fence

Will Build Nat build $50 for Grace —$100 for Grace 3““ $100 ferWill $250 forWill GI‘E‘ICE $200 for Grace 50 for Grace-$50 for Will 50 forWill Not build