-Lucy Works as a College Instructor for a Fixed Annual

question 159

Multiple Choice

-Lucy works as a college instructor for a fixed annual salary of $30,000. She is considering quitting this job and becoming a real estate broker. Lucy believes that as a realtor she has a 40 percent chance to make $60,000 per year and a 60 percent chance to make $25,000 a year. The figure above shows Lucy's total utility of wealth curve (U) . Lucy will decide to ________ and she will definitely make this choice because it gives her a greater expected ________.

• A) keep her current job; income
• B) keep her current job; utility
• C) quit her job and become a realtor; utility
• D) quit her job and become a realtor; income

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Definitions:

Rewards Motivate

Rewards motivate refers to the concept that providing incentives or benefits can encourage individuals to perform desired actions or behaviors.

Ability Rewards

Compensation or recognition given to individuals based on their skills, talents, or competencies.

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature.

Safety Abuses

The misuse or improper handling of safety protocols and practices, endangering the health and safety of individuals.