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economics question 3. Jill and Kim used to be much better friends than they are now. Their birthdays are on the same day but it

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economics question

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3. Jill and Kim used to be much better friends than they are now. Their birthdays are on the same day but it is not clear whether they will be giving each other gifts this year. If they wait until their birthday and decide simultaneously, their payoffs are: Kim Gift No Jill Gift 6.6 6.1 No 2.4 1.1 With these payoffs, is Jill better off (will have a higher payoff) letting Kim know ahead of time whether she will be giving her a gift or not? Briefly explain. (18 points)

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