Q Question 1 4 / 4 pts Katie and Taylor are roommates. Their lawn needs to be mowed. Each person has to decide whether to take part in mowing the lawn. With happiness measured on a scale of 1 (unhappy) to 10 (happy), the possible outcomes are: What is Taylor’s Dominant Strategy Don't Mow What is Katie’s Dominant Strategy No Dominant Strategy If Katie knows how Taylor will act then… What is Katie’s final happiness payout 5 What is Taylor’s final happiness payout 8 Question 2 4 / 4 pts .Two interdependent bus companies—City Wheels and Easy Ride—provide transportation services in the same city. Following a change in costs that affects both companies, each company must decide whether to lower its fare or maintain its current fare. In the payoff matrix below, the first entry in each cell indicates the daily profit to Easy Ride and the second entry indicates the daily profit to City Wheels. Both companies know all of the information in the matrix What is Easy Ride's Dominant Strategy Lower Fare What is City Wheels Dominant Strategy No Dominant Strategy The firms have agreed to submit sealed bids to the city regarding their fare status for the next year. Once a fare system is selected, it cannot be changed for the year. Easy Ride and City Wheels have reviewed the information in the matrix. City Wheels will select ["", ""] as its fare system. Easy Ride will select ["", ""] as its fare system. This is all of the information you have. There is a solution.

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