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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 47 times)

cool

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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


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jojobee318

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


cool

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

parshano

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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