Suppose Marion and Gab must both choose between two jobs,a safe job that pays $250/week and a risky job that pays $300/week.The value of safety to each is $75/week.Each also values having a higher income than the other at $75/week.Having the same job (income)as the other means no change in satisfaction.The following payoff matrix shows the income (satisfaction)each would get based on the other decision. $\begin{array}{c}
\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Marion }\
\text { Gab }
\begin{array}{|l|l|l|}
\hline& \text { Safe Job @ \$250 } & \text { Risky Job @ \$300 } \
\hline \text { Safe Job @ \$250 } & \begin{array}{l}
\text { Gab: \$325 } \
\text { Marion: \$325 }
\end{array} & \text { Gab: \$325 } \
& \text { Marion: \$375 } \
\hline \text { Risky Job @ \$300 } & \begin{array}{l}
\text { Gab: \$375 } \
\text { Marion: \$325 }
\end{array} & \begin{array}{l}
\text { Gab: \$300 } \
\text { Marion: \$300 }
\end{array} \
\hline
\end{array}\end{array}$
Suppose that Gab chooses the safe job,Marion is most likely to choose the ____ and obtain a total of ____ satisfaction.

Question

Quizplus · Accepted Answer

First, let's consider Marion's options if Gab chooses the safe job. If Marion also chooses the safe job, they both receive $325 in satisfaction ($250 from the job plus $75 for having the same income). If Marion chooses the risky job while Gab chooses the safe job, Marion receives $375 in satisfaction ($300 from the job plus $75 for having a higher income than Gab). Therefore, Marion should choose the risky job to maximize their satisfaction.

If Marion chooses the risky job, they can either receive $300 in satisfaction if Gab also chooses the risky job, or $375 in satisfaction if Gab chooses the safe job. In either case, Marion will receive more satisfaction by choosing the risky job. Therefore, the best choice for Marion is to choose the risky job and obtain $375 in satisfaction.

Overall, the best choice for Marion is to choose the risky job, so the answer is C.

Suppose Marion and Gab Must Both Choose Between Two Jobs,a