​Use the Following Case from Question

question 78

Multiple Choice

​Use the following case from question
Two roommates John and Joe are playing a simultaneous game of cleaning the apartment.If neither of them clean,the apartment gets filthy and both get a utility of 2.If John cleans and Joe doesn't,John gets a utility of 1 and Joe gets a utility of 4.If Joe cleans and John doesn't,Joe gets a utility of 1 and John gets a utility of 4 and if both clean up the apartment,they each get a utility of 3.
-​Is the equilibrium efficient?

• A)​Yes,since they are both maximizing the utility
• B)No,since they could both get more utility
• C)One should keep the house clean
• D)​None of the above

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Definitions:

Working-Class Families

Households where the majority of income comes from wages earned through manual labor or skilled trades.

Divorce Rate

A statistical figure expressed as the number of divorces occurring among the population of a given area during a year per 1,000 population.

Serial Monogamy

The practice of engaging in a series of monogamous relationships, where one partnership is followed by another over time.

Marriage

A legally and socially sanctioned union, usually between two individuals, that is regulated by laws, norms, and customs that define rights and duties of the partners.