{{ block css }} {{ endblock }} {{ block title }} Quiz {{ endblock }} {{ block content }}
Please calculate both Firm A's and Firm B's payoff and the worker's payoff in the following hypothetical scenarios.
Recall the following payoff formulas:
Firm payoff = (30 × Production Level) - Wages
Worker payoff = Wages - Production Costs
You may use the Production Cost table provided below when calculating employee payoff.
{{ include '_templates/global/Production_Cost_Table.html' }}Suppose the worker accepts Firm B’s job offer, which includes a Wage of 70 Lira and chooses a Production Level of 8.
{{ formfield 'comp7' }} {{ formfield 'comp8' }} {{ formfield 'comp9' }}Suppose the worker accepts Firm A’s job offer, which includes a Wage of 50 Lira and chooses a Production Level of 3.
{{ formfield 'comp10' }} {{ formfield 'comp11' }} {{ formfield 'comp12' }} {{ next_button }} {{ endblock }}