Figure 17-3

question 311

Multiple Choice

Figure 17-3. Hector and Bart are roommates. On a particular day, their apartment needs to be cleaned. Each person has to decide whether to take part in cleaning. At the end of the day, either the apartment will be completely clean (if one or both roommates take part in cleaning) , or it will remain dirty (if neither roommate cleans) . With happiness measured on a scale of 1 (very unhappy) to 10 (very happy) , the possible outcomes are as follows:
-Refer to Figure 17-3. The dominant strategy for Hector is to

• A)clean, and the dominant strategy for Bart is to clean.
• B)clean, and the dominant strategy for Bart is to refrain from cleaning.
• C)refrain from cleaning, and the dominant strategy for Bart is to clean.
• D)refrain from cleaning, and the dominant strategy for Bart is to refrain from cleaning.

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Definitions:

Delegatee

A third party who is not part of the original contract but to whom duties to perform are transferred by one of the contracting parties (a delegator).

Order Instrument

An instrument payable to a specific, named payee.

Instrument Payable

A written document that promises the payment of a definite amount of money either on demand or at a future date.

Definite Time

A specified period in contracts or agreements where certain actions or conditions must be met or take place.