« previous next »

Author Question: Under which one of the following contracts does an agent have the least incentive to behave ... (Read 68 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?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

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
An incentive spirometer An incentive spirometer
Incentive spirometry. A portable incentive spirometer is useful for encouraging patients to exercise Incentive spirometry. A portable incentive spirometer is useful for encouraging patients to exercise
Cleaning Agent Cleaning Agent
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?
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: Summary of glucose catabolism

For a complete list of videos, visit our video library