How will change your answer, if your boss gets desperate

Reference no: EM133439032

Question: You have been working too many hours at your part-time job (which pays $15 per hour), and your Economics marks are suffering. Your parents, want you to do better in school but recognized your desire for cash, offers you this deal. For every 1-percent increase in your mark on the next test, they will pay you $9. You estimate that one additional hour of studying will raise your mark 7%; a second hour of studying will raise your mark 5 percent; a third hour, 4 percent; a fourth hour, 3 percent; and a fifth hour, 1 percent. a) If all you are trying to do is make the most money, how many hours should you study? b) How will change your answer, if your boss gets desperate and offers to pay $16 an hour?

Reference no: EM133439032

Questions Cloud

The servant leader human resource management prodigal : Why is The Servant Leader Human Resource Management Prodigal an important philosophy and approach for an organizational leader or manager?

Can you provide examples of markets or instances : Can you provide examples of markets or instances where such an asymmetry was present (sellers knew more than buyers or buyers knew more than sellers)

Denial of pregnancy benefits to adoptive parent fair : Joanne and her husband could not have children and decided to adopt. In your opinion, was denial of pregnancy benefits to an adoptive parent fair?

What effect does a monopsonist have on the quantity supplied : When we compare the monopsonist to the competitive market, what effect does a monopsonist have on the quantity supplied, and by how much does it change?

How will change your answer, if your boss gets desperate : how many hours should you study? How will change your answer, if your boss gets desperate and offers to pay $16 an hour?

Handling discipline and fostering productivity : Describe how they succeeded with people in activities such as managing meetings, handling discipline, fostering productivity,

Impaired cognitive and emotional development : You highlighted some of the serious consequences of abuse on children, such as impaired cognitive and emotional development.

What is the difference between chemically defined media : What is the difference between chemically defined media and complex media? Give an example of each.

What effect does lower elasticity of demand : What effect does a lower elasticity of demand have on the wage and employment outcomes for the employer and the union?

User Account

All Pages