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 commission on a typical pair of shoes was $12, 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
a
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If a project costs $800 today and pays a return of $864 next year, what is the highest interest rate at which the project should be undertaken?
A) 6.4 percent B) 7 percent C) 8 percent D) 8.64 percent
In the above table, what is the four-firm concentration ratio for the Gadgets industry?
A) 25 percent B) 40 percent C) 250 percent D) 1,000 percent
An income distribution in which all households receive exactly the same income is referred to as a(n)
a. just distribution of income. b. proportional distribution of income. c. equal distribution of income. d. equitable distribution of income.
Discrimination is a reflection of some people's prejudice against certain groups in society
a. True b. False Indicate whether the statement is true or false