Amanda Recently Graduated from College,and She Has a Job Offer

question 6

Multiple Choice

Amanda recently graduated from college,and she has a job offer with uncertain income.There is a 70% probability that she will make $10,000 and a 30% probability that she will make $70,000.Suppose Amanda is offered another job with a certain income.All else equal,if she has a constant marginal utility of income,she will accept the second job offer only if it pays more than:

• A)$40,000.
• B)$28,000.
• C)$10,000.
• D)$21,000.

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Definitions:

Chlorinated Hydrocarbons

A group of chemical compounds that contain carbon, hydrogen, and chlorine, often used in industrial applications.

Biologically Magnified

The process by which the concentration of a toxin increases as it moves through successive levels of a food chain.

Integrated Pest Management

A sustainable approach to managing pests by combining biological, cultural, physical, and chemical tools in a way that minimizes economic, health, and environmental risks.

IPM

Integrated Pest Management, a strategy that uses a combination of biological, cultural, physical, and chemical tactics to control pests with minimal environmental impact.