Continue to suppose as in the previous question that the utility function for each of the firm's 5 workers is ,where l is hours worked and w is the wage.Suppose now that the firm can only monitor the total hours worked by the group and pay each worker an equal share of the wage Times the total number of hours.How many hours will each worker choose to work?
A)2 hours
B)4 hours
C)8 hours
D)10 hours

Question

Continue to suppose as in the previous question that the utility function for each of the firm's 5 workers is  ,where l is hours worked and w is the wage.Suppose now that the firm can only monitor the total hours worked by the group and pay each worker an equal share of the wage Times the total number of hours.How many hours will each worker choose to work?
A)2 hours 
B)4 hours 
C)8 hours 
D)10 hours

Quizplus · Accepted Answer

The Answer of Continue to suppose as in the previous question that the utility function for each of the firm's 5 workers is  ,where l is hours worked and w is the wage.Suppose now that the firm can only monitor the total hours worked by the group and pay each worker an equal share of the wage Times the total number of hours.How many hours will each worker choose to work?
A)2 hours 
B)4 hours 
C)8 hours 
D)10 hours

Continue to Suppose as in the Previous Question That the Utility