This topic contains a solution. Click here to go to the answer

Author Question: A shoe salesman working on commission must decide whether to work hard or shirk. Working hard would ... (Read 146 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
A shoe salesman working on commission must decide whether to work hard or shirk. Working hard would increase the probability of a sale from 20 to 70 but the effort would cost him 5 . If the typical commission on a pair of shoes was 8, would he decide to work hard?
 a. Yes because it is higher than what it costs him in effort
  b. Yes because it is higher than zero
 c. No, because it costs him more in effort
 d. None of the above

Question 2

Total costs increase from 1500 to 1800 when a firm increases output from 40 to 50 units. Which of the following are true?
 a. FC = 100
  b. MC=300
  c. MC=30
  d. FC = 400



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaymee143

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

c

Answer to Question 2

c




Tazate

  • Member
  • Posts: 532
Reply 2 on: Jul 1, 2018
Excellent


Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

For a complete list of videos, visit our video library