What is the value of his outside or next best alternative

Assignment Help Econometrics

Reference no: EM131047068

Fred is a salesman who can sell enough to generate $200,000/year worth of profit for his company. He earns only $110,000 in compensation. What is the value of his outside or next best alternative?

a. $0

b. $5,000

c. $10,000

d. $20,000

Reference no: EM131047068

Questions Cloud

What should happen to the elasticity of demand for product : If a firm successfully adopts a product differentiation strategy, what should happen to the elasticity of demand for its product?

What are your firm''s key resources and/or capabilities : What are your firm's key resources and/or capabilities? How do these translate into a competitive advantage?

What is the moral responsibility of all participants : What is the moral responsibility of all participants? What are the stakeholders' moral failings? What ideals or obligations are in conflict?

Document possible improvements for future projects : Post-implementation audits are not an official output of the closing processes but are sometimes required by organizations to evaluate project goals, review successes and failures, and document possible improvements for future projects. What is yo..

What is the value of his outside or next best alternative : Fred is a salesman who can sell enough to generate $200,000/year worth of profit for his company. He earns only $110,000 in compensation.

Reaping the benefits of change : Many companies today are keenly focused on "reaping the benefits of change" in terms on implementation of best practices, target markets, new product introduction and measuring of effectiveness and efficiency of the "new way" of doing things. The ..

How much does labor earn if they can move first : In the game above, how much does Labor earn if they can move first?

Michelle purchased a homeowners 3 policy : Michelle purchased a Homeowners 3 policy with no special endorsements to cover her home and personal property. A fire occurred and destroyed a big screen television.

What are the service levels : To achieve a 99% service level, what should be the reorder point? What are the service levels (probability of not having a stock out) if the salt is reordered when the inventory level drops to

User Account

All Pages