Figure: Payoff Matrix for Gehrig and Gabriel (Figure:)

question 83

Multiple Choice

Figure: Payoff Matrix for Gehrig and Gabriel (Figure:) The figure Payoff Matrix for Gehrig and Gabriel refers to two people who sell handmade Davy Crockett figurines in San Antonio.Both Gehrig and Gabriel have two strategies available to them: to produce 5,000 figurines each month or to produce 7,000 figurines each month.The combined profits of the two are maximized if:

• A)each produces 5,000 figurines.
• B)each produces 7,000 figurines.
• C)Gehrig produces 7,000 figurines and Gabriel produces 5,000 figurines.
• D)Gehrig produces 5,000 figurines and Gabriel produces 7,000 figurines.