« previous next »

Author Question: Under which one of the following contracts does an agent have the least incentive to behave ... (Read 35 times)

Wadzanai

  • Hero Member
  • *****
  • Posts: 528
on: Jul 1, 2018
Under which one of the following contracts does an agent have the least incentive to behave opportunistically?
 
  A) The agent pays a fixed fee to the principal for the right to all future payoffs.
  B) The agent works for the principal on an hourly basis.
  C) The agent receives a share of the profit.
  D) The agent works for the principal on a per unit basis.

Question 2

Under which one of the following conditions would a lawyer accept a case on a contingent basis?
 
  A) The lawyer is risk averse.
  B) The client is risk loving.
  C) The lawyer has several cases on a contingent basis with payoffs that are not perfectly positively correlated.
  D) The lawyer is more risk averse than the client is.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


todom5090

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Incentive spirometry. A portable incentive spirometer is useful for encouraging patients to exercise Incentive spirometry. A portable incentive spirometer is useful for encouraging patients to exercise
Schools are a primary agent of socialization. One of their functions is to teach children the ... Schools are a primary agent of socialization. One of their functions is to teach children the ...
NADH acts as a reducing agent in several reactions NADH acts as a reducing agent in several reactions
Conversion of guanine to 6-ethylguanine by the alkylating agent ethylmethane sulfonate (EMS) Conversion of guanine to 6-ethylguanine by the alkylating agent ethylmethane sulfonate (EMS)
What is the strongest oxidizing agent of the following set: MnCl2, Mn(OH)3, MnO2, KMnO4? What is the strongest oxidizing agent of the following set: MnCl2, Mn(OH)3, MnO2, KMnO4?
What is the strongest oxidizing agent of the following set: MnCl2, Mn(OH)3, MnO2, KMnO4? What is the strongest oxidizing agent of the following set: MnCl2, Mn(OH)3, MnO2, KMnO4?
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library