Question
George and KC have been working jobs that pay $20,000 and $30,000/year, respectively. They are trying to decide whether to quit their jobs and jointly
George and KC have been working jobs that pay $20,000 and $30,000/year, respectively. They are trying to decide whether to quit their jobs and jointly open up a taco stand on the beach, which they estimate can earn $60,000/year.
How will the taco stand proceeds be split?
a. George gets $25,000, and KC gets $35,000
b. They won’t quit their jobs
c. George gets $30,000, and KC gets $30,000
d. George gets $35,000, and KC gets $25,000
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Option d both will split the economic profit between the...
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Managerial Economics
Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward
5th Edition
1337106666, 978-1337106665
