ii) Construct a payoff matrix for this scenario by using the given costs per week. Enter the values in the table below: (5 marks) Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value iii) Using the payoff matrix constructed in (ii), determine whether each player has a dominant strategy. Explain your reasoning. Click or tap here to enter text. (8 marks) Two software engineers, Annah and Zack run a partnership tasked with designing and developing mobile apps. Annah can either focus on developing an Expense Tracker app that can be used to add and categorize expenses, generate monthly reports and configure custom alerts in which case she can do all the work alone. On the other hand, she can develop an app that enables ride-sharing for commuters within a local community. In this case more design and configuration expertise is required and would require Annah and Zack to work together. Zack also has the choice of working individually on a Sales Predictor app for small clothing apparel shops using machine learning. The software engineers independently choose their work for the week. If they both choose to focus on apps they can develop individually, they will be able to develop the app at a price of 925 for the Expense Tracker App and 1595 for the Sales Predictor App. If in a week one engineer chooses to develop the app they can work on individually while the other chooses to work on the ride-sharing app, the first engineer will manage to finish the app and get paid for that app while the second one will not manage to finish the app and will not get paid anything. If both engineers choose to work on the ride-sharing app together, they will manage to deliver within a week at a cost of 2750. (Assume that both engineers are interested about maximising their profits) i) Define who is involved in this particular scenario and highlight all the possible choices available. Click or tap here to enter text. (5 marks) ii) Construct a payoff matrix for this scenario by using the given costs per week. Enter the values in the table below: (5 marks) Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value Enter Value iii) Using the payoff matrix constructed in (ii), determine whether each player has a dominant strategy. Explain your reasoning. Click or tap here to enter text. (8 marks) Two software engineers, Annah and Zack run a partnership tasked with designing and developing mobile apps. Annah can either focus on developing an Expense Tracker app that can be used to add and categorize expenses, generate monthly reports and configure custom alerts in which case she can do all the work alone. On the other hand, she can develop an app that enables ride-sharing for commuters within a local community. In this case more design and configuration expertise is required and would require Annah and Zack to work together. Zack also has the choice of working individually on a Sales Predictor app for small clothing apparel shops using machine learning. The software engineers independently choose their work for the week. If they both choose to focus on apps they can develop individually, they will be able to develop the app at a price of 925 for the Expense Tracker App and 1595 for the Sales Predictor App. If in a week one engineer chooses to develop the app they can work on individually while the other chooses to work on the ride-sharing app, the first engineer will manage to finish the app and get paid for that app while the second one will not manage to finish the app and will not get paid anything. If both engineers choose to work on the ride-sharing app together, they will manage to deliver within a week at a cost of 2750. (Assume that both engineers are interested about maximising their profits) i) Define who is involved in this particular scenario and highlight all the possible choices available. Click or tap here to enter text
