« previous next »

Author Question: Under which one of the following contracts does an agent have the least incentive to behave ... (Read 87 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?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Diagram of the life cycle of Plasmodium falciparum, the causative agent of malaria Diagram of the life cycle of Plasmodium falciparum, the causative agent of malaria
A, An incentive spirometer. A, An incentive spirometer.
Cleaning Agent Cleaning Agent
Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent
NADH acts as a reducing agent in several reactions NADH acts as a reducing agent in several reactions
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: How a Urinalysis is Performed

For a complete list of videos, visit our video library