2, Two neighboring homeowners i = 1.2. simultaneously choose how many hours I; to spend maintaining a beautiful lawn. The average benet per hour for player i is. 10 "' t it + f. Suppose that player 2's opportunity cost of an hour of landscaping work is 4. Suppose that player 1's opportunity cost is either 3 or 5 with equal probability and that this cost is player 1's private information. .3. (I0 points) Solve for the Bayesian-Nash equilibrium. b. (10 points) Indicate the BayesianNash equilibrium on a best-response function diagram. c. (10 points) Which type of player 1 would like to send a truthful signal to player 2 if it could? Which type would like to hide his or her private information