Use the Following to Answer Questions

question 117

Multiple Choice

Use the following to answer questions :
Figure: Payoff Matrix for Gehrig and Gabriel
-(Figure: Payoff Matrix for Gehrig and Gabriel) Use Figure: Payoff Matrix for Gehrig and Gabriel.The figure describes two people who sell handmade Carey Price figurines in Montreal.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.If both follow a tit-for-tat strategy,equilibrium will be reached when Gehrig produces _____ figurines and Gabriel produces _____ figurines.

• A) 5 000;5 000
• B) 7 000;7 000
• C) 7 000;5 000
• D) 5 000;7 000

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Definitions:

Perceptual Component

The aspect of cognition involved in interpreting and making sense of sensory information from the environment.

Behavioural Component

The observable actions or reactions of an individual, often in response to external stimuli or internal states, as part of a broader behavioural pattern.

James-Lange Theory

A hypothesis proposing that physiological arousal precedes the experience of emotion.

Conscious Experience

The awareness of internal and external events or stimuli, encompassing thoughts, feelings, and perceptions.