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Question 5 1 pts There are three types of people: A, B, and C. Types are not easily discernible. The following table gives their proportion

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Question 5 1 pts There are three types of people: A, B, and C. Types are not easily discernible. The following table gives their proportion in population and their productivities. Suppose that the market wage for all types is $150,000 (same for IB and CB). A B Ic Percent of the population 25% 50% 25% Productivity at Investment Bank (IB) 100,000 200,000 300,000 Productivity at Commercial Bank (CB) 100,000 160,000 180,000 Suppose there is a screening technology that can identify the type. Screening cost is $ 10,000/person. Both the IB and CB are planning to interview 40 workers. Then what is the profit per employee in the commercial Bank without screening? OOK 2.3K 3.3K 4.5K

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