This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Jim has a choice between two jobs. Job A would pay him 15 an hour with certainty, and the job B is ... (Read 37 times)

cool

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
Jim has a choice between two jobs. Job A would pay him 15 an hour with certainty, and the job B is commission based where he could earn 12, with a 50 probability and 18 with a 50 probability. Which job would he choose?
 a. Job A
 b. Job B
 c. Neither of the jobs
 d. He would choose to exit the labor market

Question 2

If the bidders at a first-price auction have true values of 78, 72, 66 and 65, the item will sell for
 a. Just above 78
  b. Just under 72
  c. Just above 72
  d. Just above 66


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


cool

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

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?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

A study by Seehausen and van Alphen involving the effects of male coloration on female choice in Afr A study by Seehausen and van Alphen involving the effects of male coloration on female choice in Afr
In just ONE hour from now... In just ONE hour from now...
A greater number of men than women hold full-time jobs, but the gap is closing because of an ... A greater number of men than women hold full-time jobs, but the gap is closing because of an ...
Cereal is the healthy choice for breakfast Cereal is the healthy choice for breakfast
Healthy choice Healthy choice
Multiple choice bio Multiple choice bio
Video: Hormonal regulation of pregnancy - weeks 17 through 38

For a complete list of videos, visit our video library