Question: hello dear, please help me this question in game theory with explanation, thank you so much Question 3 (20 marks) Jason, owner of a small

 hello dear, please help me this question in game theory with

hello dear, please help me this question in game theory with explanation, thank you so much

explanation, thank you so much Question 3 (20 marks) Jason, owner of

Question 3 (20 marks) Jason, owner of a small business, is prepared to make Elaine an offer as a salesperson based on a one year fixed-term contract. Elaine knows well that the contract has no prospect to renew. Now, Elaine has to decide whether she should enroll in a training course that costs her $1 1,000 before onboarding. On the other hand, Jason has to decide whether to pay Elaine a fixed monthly salary of $16,500 or share with Elaine the sales revenues on a 50:50 basis (assume there is no minimum pay regulations). Sales performance will be positively affected by both training and revenue sharing. If Elaine had no training and under a fixed salary scheme, monthly sales will be $35,000. With either training or revenue-split, monthly sales will become $42,000. If both training and revenue-split are implemented, monthly sales will increase to $54,000. You are required to answer the following: a) Construct the payoff matrix. b) Is there any dominant strategy? Is there any dominated strategy? Briefly explain. c) Is there any Nash equilibrium? Briefly explain

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