{{ block title }}
Comprehension Check Problem 1
{{ endblock }}
{{ block content }}
You will have two comprehension check problems.
There are two empty job positions. You can choose to hire two workers, one worker, or no workers.
There are two workers, Ann and Bob with different qualities.
You will submit ONE wage offer.
The revenue each worker brings you when you hire them is given as below:
Revenue from each Worker
Ann
Bob
55
37
Each worker has a minimum willingness to accept, which means the minimum wage that the worker would accept.
The worker accepts any wage higher than or equal to the minimum willingness to accept
In that case, your profit is: 0.5 x (Revenue the worker brings you - Wage Offer)
Otherwise, the worker rejects the offered wage
In that case, your profit is 0
Each person's minimum willingness accept is given as below:
Minimum Willingness to Accept
Ann
Bob
8
20
Suppose that you chose 15 for the wage. What would be your revenue?
{{ formfields }}
{{ next_button }}
{{ endblock }}