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Suppose you have hired a new worker, unfortunately, you do not know if the worker is a shirker or a hard worker. Suppose working hard
Suppose you have hired a new worker, unfortunately, you do not know if the worker is a shirker or a hard worker. Suppose working hard raises the probability of making a sale from 40% to 80% (thus raises the probability of making a commission C by the same percentage). If the cost of working harder is $150, what commission C should you offer the worker to provide an incentive to work hard?
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International Business Law And Its Environment
Authors: Richard Schaffer, Filiberto Agusti, Lucien J. Dhooge
10th Edition
1305972597, 978-1305972599
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