Suppose Marion and Gab Must Both Choose Between Two Jobs,a

question 125

Multiple Choice

Suppose Marion and Gab must both choose between two jobs,a safe job that pays $250/week and a risky job that pays $300/week.The value of safety to each is $75/week.Each also values having a higher income than the other at $75/week.Having the same job (income) as the other means no change in satisfaction.The following payoff matrix shows the income (satisfaction) each would get based on the other decision. $\begin{array}{c}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Marion }\\\text { Gab }\begin{array}{|l|l|l|}\hline& \text { Safe Job @\$250 } & \text { Risky Job @ \$300 } \\\hline \text { Safe Job @\$250 } & \begin{array}{l}\text { Gab: \$325 } \\\text { Marion: \$325 }\end{array} & \begin{array}{l}\text { Gab: \$325 } \\\text { Marion: \$375 }\end{array} \\\hline \text { Risky Job @ \$300 } & \begin{array}{l}\text { Gab: \$375 } \\\text { Marion: \$325 }\end{array} & \begin{array}{l}\text { Gab: \$300 } \\\text { Marion: \$300 }\end{array} \\\hline\end{array}\end{array}$
Comparing the payoffs when both choose the risky job with the payoffs when both choose the safe job,

• A) both would prefer the risky job outcome.
• B) both would prefer the safe job outcome.
• C) Gab prefers the risky job outcome while Marion prefers the safe job outcome.
• D) Marion prefers the risky job outcome while Gab prefers the safe job outcome.

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