If You Were to Ask Your Employer for a Raise

question 179

Multiple Choice

If you were to ask your employer for a raise, which of the following would be your most effective argument?

• A)"I have a job offer at another firm that will pay me more than my current wage."
• B)"I am willing to work more hours each week."
• C)"Increases in my productivity have resulted in greater revenue and profits for your business."
• D)"My marginal product is greater than my current wage."

---

Definitions:

Payoffs

The returns or outcomes from different decisions or actions in decision theory and economics.

Expected Monetary Values

A calculation used in decision-making to determine the probable monetary gain or loss from an action, by multiplying possible outcomes by their respective probabilities and summing these products.

Payoffs

The returns or outcomes received from a particular action or investment, often discussed in game theory and economics.

Decision Alternative

Different courses of action or strategies that a decision-maker can choose from in a decision-making process.