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Comprehension Check Problem 3
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The revenue each worker brings you when you hire them is given as follows:
Revenue from each Worker
| Ann |
Bob |
| 55 |
37 |
Minimum Willingness to Accept
| Ann |
Bob |
| 8 |
20 |
- Since 23 is higher than both Ann and Bob's minimum willingness to accept, both accepts the wage.
- Thus, if Ann was the worker or both wanted a job and Ann got the job, the revenue would be 55-23=32.
- If Bob was the worker or both wanted a job and Bob got the job, the revenue would be 37-23=14.
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