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
{{C.VA_6}}
{{C.VB_6}}
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
Your final profit is the sum of the profit you get from all workers.
Each person's minimum willingness accept is given as below: