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igor_vitrenko [27]
3 years ago
6

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 co

uld earn $12, with a 50% probability and $18 with a 50% probability. Which job would he choose? a. Neither of the jobs b. Job A c. Job B d. He would choose to exit the labor market
Business
1 answer:
alexandr402 [8]3 years ago
8 0

Answer:

b. Job A

Explanation:

The calculation of choosing the job is given below;

Expected payoff for Job B is

= 0.50 × $12 + 0.50 × $18

= $6 + $9

= $15

And,

The Payoff from job A is $15 with certainty

Now we assume that Jim would be a risk-averse person that selects the thing i.e. sure

So he should choose Job A only

Hence, the correct option is b.

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OFFERING 20 POINTS Whitney's proposal to build 10,000 guns relied on what two important elements found in the modern manufacturi
strojnjashka [21]

Answer:

interchangeable parts and assembly lines

Explanation:

8 0
3 years ago
What would happen to the equilibrium price and quantity of lattés if coffee shops began using a machine that reduced the amount
UkoKoshka [18]

Answer:

.d. The equilibrium quantity would increase, and the effect on equilibrium price would be ambiguous.

Explanation:

The use of the machine would increase the supply of lattes and price falls. The supply curve would shift to the right. If scientists discover that coffees reduce heart attack, the demand for coffee would increase and price would increase. The demand curve would shift to the right.

The combined effect would be a rise in equilibrium quantity and an indeterminate effect on equilibrium price.

I hope my answer helps you

7 0
4 years ago
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Michael Mirer worked for Dawson Company for six months t
lisov135 [29]

Answer:

$83.4

Explanation:

Under FUTA, only the first $7000 earning per year will be taxed. Any amounts above $7000 will be tax-exempt.

For Michael, the tax will be calculated as follows.

for the$11200 earned in Dawson company

=0.6% x $7000

=0.06/100 x 7000

=0.006 x 7000

=$42

Amount earned working at McBribe

=0.06% x 6900

=0.006 x $6900

=$41.4

Total to be paid by the two companies

=$42 + $ 41.4

=$83.4

5 0
4 years ago
The goal of channels of distribution is to move products from producers to
Delvig [45]

Answer:

Final consumers

Explanation:

The goal of channels of distribution is to move products from producers to final consumers, that is, by bridging the gap between the producer and the consumer by bringing the product or service to the final buyer or consumer. Products and services may go through channel members known as intermediaries which include wholesalers, retailers, distributors.

7 0
4 years ago
After reading the new account insert in his monthly​ statement, Tony Mercadante determined that the FDIC considers a joint accou
yarga [219]

Answer: Please refer to Explanation

Explanation:

According to the Federal Deposit Insurance Corporation, the limit to the amount a person can be insured for is, $250,000 per depositor, per insured bank.

That means that Tony's account at a balance of $120,712 is covered completely as it is well below $250,000.

Their Joint account is also completely covered at $60,099.

Cynthia however does not have complete coverage as her bank account exceeds to the coverage limit by $3,629 which will not be covered.

Should be noted that should she transfer this excess to the joint account then she should be fully covered.

5 0
3 years ago
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