Suppose your management professor has been offered a corporate job with a 30% pay increase. He has decided not to take the job. What happened for him?

Question

Quizplus · Accepted Answer

The professor has decided not to take the job even though it offered a 30% pay increase. This suggests that the marginal benefit of leaving (i.e., the pay increase) was less than the marginal cost of leaving (i.e., leaving the teaching job that the professor enjoys). Therefore, option C is the correct answer.

Suppose Your Management Professor Has Been Offered a Corporate Job