A shoe salesman working on commission must decide whether to work hard or shirk. Working hard would increase the probability of a sale from 20% to 70% but the effort would cost him $5 . If the typical commission on a pair of shoes was $8, would he decide to work hard?
a. Yes because it is higher than what it costs him in effort
b. Yes because it is higher than zero
c. No, because it costs him more in effort
d. None of the above
c
Economics
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Net taxes are indirect business taxes plus transfer payments
a. True b. False Indicate whether the statement is true or false
Economics
If there is employment discrimination against minorities, this will cause the
a. supply of their services to increase, and their wages to fall. b. demand for their services to decline, and their wages to fall. c. supply of their services to decline, and their wages to rise. d. demand for their services to decline, and their wages to rise.
Economics