A shoe salesman working on commission must decide whether to work hard or shirk.Working hard would increase the probability of a sale from 20% to 70% but the effort would cost him $5.If the typical commission on a pair of shoes was $8,would he decide to work hard?
A)Yes because it is higher than what it costs him in effort
B)Yes because it is higher than zero
C)No,because it costs him more in effort
D)None of the above

Question

​A shoe salesman working on commission must decide whether to work hard or shirk.Working hard would increase the probability of a sale from 20% to 70% but the effort would cost him $5.If the typical commission on a pair of shoes was $8,would he decide to work hard?
A)​Yes because it is higher than what it costs him in effort
B)Yes because it is higher than zero
C)No,because it costs him more in effort
D)​None of the above

Quizplus · Accepted Answer

The Answer of ​A shoe salesman working on commission must decide whether to work hard or shirk.Working hard would increase the probability of a sale from 20% to 70% but the effort would cost him $5.If the typical commission on a pair of shoes was $8,would he decide to work hard?
A)​Yes because it is higher than what it costs him in effort
B)Yes because it is higher than zero
C)No,because it costs him more in effort
D)​None of the above

​A Shoe Salesman Working on Commission Must Decide Whether to Work

A Shoe Salesman Working on Commission Must Decide Whether to Work