Adam and Jon are the only players playing in a local golf tournament.They can either practice for 5 hours or not practice at all.Practice has both direct monetary costs and opportunity costs.Their scores for an 18-hole round of golf with and without practice are shown in the table.Total prize money is $12,000.Two possible reward structures exist.In Plan A,the low score wins $10,000,second place wins $2000,and a tie results in $6000 each.Plan B requires a player to score 71,or less,for first place,72 to 80 is considered second place.The $10,000 will be split between those with a 71 or lower score,with a guaranteed minimum of $2000.The $2000 for second will be split between those with a score between 72 and 80.
-Refer to the information above.If the tournament adopts Plan A as its reward structure,then
A) neither Jon nor Adam will practice and they will collect $6000 each.
B) Jon will practice and win $10,000 while Adam will not practice and will get $2000.
C) Adam will practice and win $10,000 while Jon will not practice and will get $2000.
D) both Jon and Adam will practice and they will collect $6000 each.
E) the outcome is indeterminate.

Question

Adam and Jon are the only players playing in a local golf tournament.They can either practice for 5 hours or not practice at all.Practice has both direct monetary costs and opportunity costs.Their scores for an 18-hole round of golf with and without practice are shown in the table.Total prize money is $12,000.Two possible reward structures exist.In Plan A,the low score wins $10,000,second place wins $2000,and a tie results in $6000 each.Plan B requires a player to score 71,or less,for first place,72 to 80 is considered second place.The $10,000 will be split between those with a 71 or lower score,with a guaranteed minimum of $2000.The $2000 for second will be split between those with a score between 72 and 80. 
-Refer to the information above.If the tournament adopts Plan A as its reward structure,then
A) neither Jon nor Adam will practice and they will collect $6000 each. 
B) Jon will practice and win $10,000 while Adam will not practice and will get $2000. 
C) Adam will practice and win $10,000 while Jon will not practice and will get $2000. 
D) both Jon and Adam will practice and they will collect $6000 each. 
E) the outcome is indeterminate.

Quizplus · Accepted Answer

The Answer of Adam and Jon are the only players playing in a local golf tournament.They can either practice for 5 hours or not practice at all.Practice has both direct monetary costs and opportunity costs.Their scores for an 18-hole round of golf with and without practice are shown in the table.Total prize money is $12,000.Two possible reward structures exist.In Plan A,the low score wins $10,000,second place wins $2000,and a tie results in $6000 each.Plan B requires a player to score 71,or less,for first place,72 to 80 is considered second place.The $10,000 will be split between those with a 71 or lower score,with a guaranteed minimum of $2000.The $2000 for second will be split between those with a score between 72 and 80. 
-Refer to the information above.If the tournament adopts Plan A as its reward structure,then
A) neither Jon nor Adam will practice and they will collect $6000 each. 
B) Jon will practice and win $10,000 while Adam will not practice and will get $2000. 
C) Adam will practice and win $10,000 while Jon will not practice and will get $2000. 
D) both Jon and Adam will practice and they will collect $6000 each. 
E) the outcome is indeterminate.

Adam and Jon Are the Only Players Playing in a Local