-Suppose the Adelaide Crows Are Considering Adding Another Backup Ruckman

question 2

Multiple Choice

-Suppose the Adelaide Crows are considering adding another backup ruckman to their list of players. If the salary the Crows would have to pay equals $1,000,000 and the value of marginal product of the new ruckman equals $1,200,000, to maximise their profit the Crows should

• A) not add the new ruckman and, de-list at least one other backup ruckman.
• B) not add the new ruckman.
• C) add the new ruckman.
• D) add two new ruckmen.
• E) Not enough information is given to determine if the Crows should hire the ruckman.

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Definitions:

Wealthy People

Individuals who possess a substantial amount of money, assets, or resources, significantly above the societal average.

Actor-Observer Effect

The tendency to attribute one's own actions to external factors while attributing others' actions to internal factors.

Internal Attributions

The process of explaining one's own behavior or the behavior of others based on internal, personal characteristics.

Fundamental Attribution Error

The tendency to overemphasize personality-based explanations for behaviors observed in others while underestimating the influence of situational factors.