Let's look at an Ultimatum game from the perspective of the Proposer. To simplify the decision-making process, assume that the Proposer is choosing between offering the Responder either $50 or $2020 from a $100 pot (so the Proposer would keep $50 and $8080, respectively). If the Proposer offers $50, the Responder will accept with probability 9595 percent; if the Proposer offers $2020, the Responder will accept with probability 7575 percent. Since the Proposer also values open double quotefairness,close double quote they will receive an additional $2525 of value when they offer at least 50 percent of the pie.What are the Proposer's expected values for offering $50 or $2020? The expected value to the Proposer of offering $50 is $72.572.5. (Round your answer to two decimal places.)The expected value to the Proposer of offering $2020 is $6060. (Round your answer to two decimal places.)Part 2Which amount will the Proposer offer?The Proposer should offer $50.Part 3Let's say that the Proposer does not care much about open double quotefairnessclose double quote and only values splitting the pot evenly at $55. Now, what are the Proposer's expected values for offering $50 or $2020? The expected value to the Proposer of offering $50 is $enter your response here. (Round your answer to two decimal places.)The expected value to the Proposer of offering $2020 is $enter your response here