Options for question 1) Work Hard/Shirk
Options for question 2) Are/Are Not
Options for question 3) $45, $25,$15,$20
1> If Darnell Works, he gets utlity of $135-$25=$110
If Darnell shirks, he gets an utility of $(50+180)/2=$115
So, he will shirk, worse for him to work hard.
2> Total utility is $270-$25=$245 if Darnell works hard.
If he shirks, total utility is $180+$50=$230
So, they are better off
3> Ellenor gets $135-$115=$20 more if Darnell works hard.
So, it is $20
4> To get $115 utility, Darnell needs x, say.
So, x=115+25=$140
140/270=51.8%
So, A and B, both are correct options.
Options for question 1) Work Hard/Shirk Options for question 2) Are/Are Not Options for question ...
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