Author Question: Jim recently graduated from college. His income increased tremendously from earning 500 . a year to ... (Read 44 times)

futuristic · **on:** Jul 1, 2018

Jim recently graduated from college. His income increased tremendously from earning 500 . a year to 60,00 . a year. Jim decided that instead of renting he will buy a house. This implies that
a. Houses are normal goods for Jim
b. Houses are inferior goods for Jim
c. Renting and Owning are complementary for Jim
d. Need information on the price of houses

Question 2

A firm could persuade the sales agent to accept profit based compensation if the new commission is
a. Positive sales biased
b. Negative sales biased
c. Sales neutral
d. None of the above