Suppose That the Cost of Capturing a Cockatoo and Transporting

question 17

Multiple Choice

Suppose that the cost of capturing a cockatoo and transporting him to the United States is about $40 per bird.Cockatoos are drugged and smuggled in suitcases to the United States.Half of the smuggled cockatoos die in transit.Each smuggled cockatoo has a 10% probability of being discovered, in which case the smuggler is fined.If the fine imposed for each smuggled cockatoo is increased to $1,100, then the equilibrium price of cockatoos in the United States will be

• A)$150.
• B)$95.
• C)$73.
• D)$333.33.
• E)$244.44.

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Definitions:

Selection Process

The series of steps taken by an organization to recruit and hire qualified candidates from a pool of applicants, involving stages such as screening, interviewing, and testing.

Recruitment

The process through which the organization seeks applicants for potential employment.

Background Checks

The process of verifying the personal, financial, and criminal records of an individual, commonly used by employers as part of the hiring process.

Qualifications

The skills, knowledge, or experience required to perform a specific job or task.