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

Author Question: A shoe salesman working on commission must decide whether to work hard or shirk. Working hard would ... (Read 149 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
on: Jul 1, 2018
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
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

c


Tazate

  • Member
  • Posts: 532
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Bayliss and Starling discovered the mechanism by which the small intestine and pancreas work togethe Bayliss and Starling discovered the mechanism by which the small intestine and pancreas work togethe
Bayliss and Starling discovered the mechanism by which the small intestine and pancreas work togethe Bayliss and Starling discovered the mechanism by which the small intestine and pancreas work togethe
Copepods, from Ernst Haeckel's 1904 work Kunstformen der Natur Copepods, from Ernst Haeckel's 1904 work Kunstformen der Natur
Vesalius’s De Humani Corporis Fabrica was an important early work on the human species. Vesalius’s De Humani Corporis Fabrica was an important early work on the human species.
Avoid working with your elbows behind you. Avoid working with your elbows behind you.
Turning Play into Work Turning Play into Work
Video: Skin Cancer

For a complete list of videos, visit our video library