Homework 3 1. On the weekend days during the summer, people in a large metropolitan area like to go to the beach. Assume the population is 50, 000 Suppose that going to the beach yields a payoff of 30 %, where k is the number of people who choose to go to the beach. Suppose that the other Option, staying at home, yields a payoff of 10. In equilibrium, how many people choose to go to the beach? If there is more than one equilibrium, report all equilibria