Consider the stage game shown in Table "SPNE in a repeated game". Suppose this game is played twice. What are the minimum values of d1 and 82 that are needed to support the play of a3, b1 in the first stage as part of an SPNE?
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- Can part I and J be further explained/answered? I've already asked the question and recieved an answer but am unsure if the answer is corret.the answer to this question is Q2.24a=9.633, Q2.24b=19.03 but we just need to find how we get that answer for these questions please helpQuestion Management of AG Travel and Tour has identified two groups of individuals thatwould be interested in the vacation package consisting of room and board and/orentertainment. The maximum amount that group 1 is willing to pay for room andboard is GHC 2500 and for entertainment is GHC 500. For group 2, the maximumamount they are willing to pay for room and board is GHC 1800 and forentertainment is GHC 750. Although AG Travel and Tour is not able to identifymembers of either group, it does know that each group values the components ofthe package differently. Assuming there are an equal number of members in eachgroup and that the total membership in each group is a single individual. If themarginal cost of providing the service (room and board and/or entertainment) toeach group is GHC 1000. i. How much will the hotel charge members of each group for the vacationpackage if it could identify the members in each group?ii. How much will the profit for AG Travel and Tour be? iii. Since AG…