There are two kinds of jobs, Job 1 and Job 2 , and each job has two vacant positions. Thus, there are four total positions to fill.
There are two workers, Ann and Bob.
Both Ann and Bob can work for both jobs.
That means, Ann can work only for Job 1, only for Job 2, or she can take both jobs.
Bob also can work only for Job 1, only for Job 2, or can take both jobs.
For each kind of jobs, you can choose to hire two workers, one worker, or no workers.
You will submit your wage offers. You will submit ONE wage for each kind of job.
That means, you will submit one wage for Job 1 and another wage for Job 2.
The revenue each worker brings you when you hire them is given as below:
Revenue from each Worker
Ann
Bob
Job 1
{{C.VAA_3}}
{{C.VBA_3}}
Job 2
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Each worker has a minimum willingness to accept, which means the minimum wage that the worker would accept.
For each job and each worker,
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
Your final profit is the sum of the profit you get from the four positions (two of Job 1 and two of Job 2).
Each person's minimum willingness accept is given as below: