Suppose That the Salary Range for Recent College Graduates with a Bachelor's

question 113

Multiple Choice

Suppose that the salary range for recent college graduates with a bachelor's degree in economics is $30,000 to $50,000, with 25 percent of jobs offering $30,000 per year, 50 percent offering $40,000 per year and 25 percent offering $50,000 per year and that in all other respects, the jobs are equally satisfying. Assume that in this market, a job offer remains open for only a short time so that continuing to search requires an applicant to reject any current job offer. The expected starting salary for a college graduate with a bachelor's degree in economics is:

• A)$30,000.
• B)$40,000.
• C)$45,000.
• D)$50,000.

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Definitions:

Performance Orientation

An orientation in which one focuses on winning rather than achievement outcomes, and happiness is thought to result from winning.

Achievement Outcome

Achievement outcome refers to the results or accomplishments achieved following efforts or activities, often used in educational and professional contexts.

Winning

Achieving a position of victory in a competition, contest, or challenge.

Intrinsic Motivation

The drive to engage in activities for their own sake, deriving pleasure and satisfaction from the activity itself rather than external rewards.