A salesperson works for a car dealership for 40 hours per week, but may choose not to work hard all of the time. The dealership's owner cannot observe the salesperson's effort, but can observe the number of cars sold. The salesperson's personal cost of working at the dealership is C(H) = 1,200 + H2, where H is the number of hours during which he works hard. The corresponding marginal cost of effort is MC = 2H. Without any effort, the salesperson will, on average, generate a profit of $1,200. With each hour of high effort, he has a 5 percent chance of selling a car. Each car sale generates a profit of $900. Suppose the owner gives the salesperson $1,200 in base pay plus a bonus of $500 for each car he sells. How many hours of hard work will the salesperson choose?

A. 20

B. 22.5

C. 12.5

D. 25


C. 12.5

Psychology

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Which of the following is an example of a symbolic schema?

a. Counting the number of holes on a belt b. Pointing a finger and saying "Bang!" c. Sucking on the nipple of a bottle of milk d. Grasping an adult's finger

Psychology

Ozzy Manson is a male rocker who wears outlandish makeup and women's clothing when performing on stage. This behavior is considered

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Psychology

Youaredefending a clientagainst a murder charge. Youhaveconsultedwithyourclientandaremakingpreparationsfortheupcomingtrial. You have decided that a "change of venue" motion would be in your client's best interest. If the judge grants your motion, this means:

A. the case will be delayed indefinitely. B. the prosecution will not be permitted to refer to the weapon during the trial, since it was never located. C. the case will be moved to a court in another location. D. the jury pool will be dismissed and a new one convened.

Psychology

According to Lamarck, if an adult member of species develops a trait, such as powerful muscles, that make its survival more likely, the trait can be passed down to the adult’s offspring. This phenomenon is called:

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Psychology