Suppose Jordan and Lee Are Trying to Decide What to Do

question 16

Multiple Choice

Suppose Jordan and Lee are trying to decide what to do on a Friday.Jordan would prefer to see a comedy while Lee would prefer to see a documentary.One documentary and one comedy are showing at the local cinema.The benefit they receive from seeing the films either together or separately are shown in the payoff matrix.Both Jordan and Lee know the information contained in the payoff matrix.They purchase their tickets simultaneously,ignorant of the other's choice. $\begin{array}{c}\quad \quad \quad \quad \quad \quad\quad\quad\quad\quad\quad \quad \text { Jordan } \\\text {Lee } \begin{array}{|l|l|l|}\hline &{\text { Comedy }} & {\text { Documentary }} \\\hline \text { Comedy } & \text { Lee: } 3 & \text { Lee: } 1 \\\text { Jordan: } 5 & \text { Jordan: } 1 \\\hline \text { Documentary } & \text { Lee } 2 & \text { Lee: } 5 \\& \text { Jordan: } 2 & \text { Jordan } 3 \\\hline\end{array}\end{array}$
Refer to the figure above.This game has __________ Nash equilibrium(s) .

• A)0
• B)1
• C)2
• D)4

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Definitions:

Feasible Solution

A possible and practical resolution or answer that meets all defined constraints.

Supply

The total amount of a product or service that is available for purchase at any given point in time.

Transportation Problem

A type of optimization challenge in operations research focusing on finding the most efficient distribution of products from several suppliers to multiple consumers.

Origin Points

Origin points refer to the initial locations or starting places from where goods, services, or journeys begin.