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

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 45 times)

cool

  • Hero Member
  • *****
  • Posts: 570
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
Answer to Question 1

a

Answer to Question 2

c




cool

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
Excellent


nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library