ason works in commercial real estate, selling plots of undeveloped land to construction firms for his company. He can choose between two effort levels: Low and High. Low effort costs him $11800 and high effort costs him $18000 . When he puts forth low effort, his sales are $30000; when he puts forth high effort, his sales are $68500.

The company decides to implement a commission pay scheme. Given the information above, what is the lowest commission rate the firm can pay Jason to compensate him for low effort ("AL", the commission rate that keeps Jason from quitting under the low effort choice)?

Type your answer in the space provided. Do not include "$" or ",". The commission rate should be expressed in units (e.g. 0.15, not 15%). Round your number to two digits (e.g. 0.1685 = 0.17)

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Question 6 options:

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Question 7 (1 point)

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Olivia works in commercial real estate, selling plots of undeveloped land to construction firms for her company. She can choose between two effort levels: Low and High. Low effort costs her $3800 and high effort costs her $15000 . When she puts forth low effort, her sales are $43000; when she puts forth high effort, her sales are $75500.

The company decides to implement a commission pay scheme. Given the information above, what is the lowest commission rate the firm can pay to get Olivia to choose high effort over low effort ("A1")?

Type your answer in the space provided. Do not include "$" or ",". The commission rate should be expressed in units (e.g. 0.15, not 15%). Round your number to two digits (e.g. 0.1685 = 0.17)

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Question 7 options:

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Question 8 (1 point)

Lisa works in commercial real estate, selling plots of undeveloped land to construction firms for her company. She can choose between two effort levels: Low and High. Low effort costs her $11400 and high effort costs her $18600 . When she puts forth low effort, her sales are $36000; when she puts forth high effort, her sales are $65000.

If the company decides to pay Lisa a fixed wage, what wage should they pay?

Type your answer in the space provided. Do not include "$" or ",". Round your number to the nearest whole number (e.g. $3,500.50 = 3501)

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Question 8 options:

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