Author Question: Two students are assigned a group project. Each has the option to work or not work to achieve a high ... (Read 220 times)

sam.t96 · **on:** Jun 29, 2018

Two students are assigned a group project. Each has the option to work or not work to achieve a high grade. The payoffs are shown in the above table. Student 1 should

A) work only if student 2 works.
B) work regardless of the decision made by student 2.
C) not work if student 2 works.
D) not work regardless of what student 2 decides.

Question 2

The mean household income is

A) the income that separates households into two equal groups.
B) the most common household income.
C) the percentage of total income received by the richest 20 percent of households.
D) the average household income.