(Appendix) If the Cost of Search Is $3, and Wages

question 22

Multiple Choice

(Appendix) If the cost of search is $3, and wages are uniformly distributed between $20 and $50, what is the smallest wage you should accept if you are risk neutral?

• A)$36.58
• B)$33.42
• C)$46.58
• D)28.73

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Definitions:

Categories

Groups or classes of things that share common characteristics or qualities.

Stringed Instruments

Musical instruments that produce sound through the vibration of strings, which can be plucked, strummed, or bowed.

Percussion Instruments

Instruments that produce sound through being struck, shaken, or scraped, such as drums, cymbals, and xylophones.

Size

A dimension or measurement of an object or area, expressed in terms of length, width, height, volume, or mass.