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D. leniency is based on when somebody rates an employee too high. Strictness error is when somebody was rated very very low.
Answer:
Jack and Jill
a. The most a guard can charge per month and still be assured of being hired by at least one of them = $120
b. The vote will be 50 - 50. The local authority will decide since there is a 50 - 50 chance.
The economic surplus would be higher if the neighborhood had a guard by $80 ($200 - $120).
Explanation:
a) Data and Calculations:
Value of a security guard to Jack = $50 per month
Value of a security guard to Jill = $150 per month
Total value = $200 per month
Competitive wage for a security guard = $120 per month
T
Because no one would hire someone with a messed up résumé having a effectively disturbed résumé would leave a good first impression I believe.
