Exhibit 25-10

Suppose that the letter grade earned on a test for each student in a class depends upon how well he/she does relative to other students in the class. This exhibit shows a prisoner's dilemma setting for two representative students in the class, George and Gina.
-Refer to Exhibit 25-10. If George studies for two hours and Gina studies for four hours,George's letter grade on the test will be a ___________ and Gina's letter grade on the test will be a __________________.

Question

Exhibit 25-10
  
Suppose that the letter grade earned on a test for each student in a class depends upon how well he/she does relative to other students in the class. This exhibit shows a prisoner's dilemma setting for two representative students in the class, George and Gina.
-Refer to Exhibit 25-10. If George studies for two hours and Gina studies for four hours,George's letter grade on the test will be a ___________ and Gina's letter grade on the test will be a __________________.

Quizplus · Accepted Answer

George's letter grade will be a C because he studied for two hours, which is the minimum amount of time required to get a C. Gina's letter grade will be an A because she studied for four hours, which is the maximum amount of time required to get an A.

Exhibit 25-10 Suppose That the Letter Grade Earned on a Test for Earned