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Bill has a job that presents no risk of injury or death, has always wanted to be adventurous. The current salary is $ 5 0
Bill has a job that presents no risk of injury or death, has always wanted to be adventurous. The
current salary is $ Bill got a job offer on a Saltwater boat that will pay $ yearly. This new
job comes with a risk of injury that will cause Bill to have no income. Which of the following
sentences is true? Assume the injury will have no relevant implications besides reducing Bill's income
Bill will definitely take the new job if he's risk neutral.
Bill will definitely take the new job if he's risk averse.
Bill will definitely decline the new job if he's risk averse or risk neutral.
Not enough information to determine.
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