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using the given game answer the graphing questions. The game is depicted below: Students 1-q Do Homework Don't Do Homework Professor p Collect (2, 3)

using the given game answer the graphing questions.

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The game is depicted below: Students 1-q Do Homework Don't Do Homework Professor p Collect (2, 3) (4, 1) Homework 1-p Don't Collect (3, 2) (1, 4) Homework (2.E) In the graph below, graph the best-response functions for each player. For the professor, what are the best choices of p for given levels of q? Label this curve BRP. For students, what are the best-response choices of q for given levels of p? Label this curve BR'. (7 points) q 1 3/4 1/2 1/4 1/4 1/2 3/4 (2.D) Trace out the expected payoffs for the Row Player (the professor) for each of that player's strategies for given levels of q chosen by the students. Find and denote the q* in the graph for the students. The height of the curve at this point also gives the expected payoff to the professor. What is the expected equilibrium payoff for the professor? Show your work. Do the calculation and show its location on the graph. (7 points) Payoff to professor 4 3 3 2 2 1.0

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