Sheb and Monty, both sheep ranchers, share a pasture that is open to both. Each rancher faces the choice of grazing 4 or 5 sheep on the commons. With 8 sheep on the commons, the grass will be plentiful and each sheep will produce 20 pounds of wool per year. With 9 sheep on the commons, the grass will will be sufficient enough for each sheep to produce 17 pounds of wool per year. With 10 sheep on the commons, the grass will be sparse, and each sheep will only produce 14 pounds of wool each year.
-Placing Sheb as the row player and Monty as the column player, create a payoff matrix for the above information and have the payoffs for the Nash equilibrium located in the lower-right cell.

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The Answer of Sheb and Monty, both sheep ranchers, share a pasture that is open to both. Each rancher faces the choice of grazing 4 or 5 sheep on the commons. With 8 sheep on the commons, the grass will be plentiful and each sheep will produce 20 pounds of wool per year. With 9 sheep on the commons, the grass will will be sufficient enough for each sheep to produce 17 pounds of wool per year. With 10 sheep on the commons, the grass will be sparse, and each sheep will only produce 14 pounds of wool each year.
-Placing Sheb as the row player and Monty as the column player, create a payoff matrix for the above information and have the payoffs for the Nash equilibrium located in the lower-right cell.

Sheb and Monty, Both Sheep Ranchers, Share a Pasture That