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

question 111

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% of jobs offering $30,000 per year,50% offering $40,000 per year and 25% 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 economics majors' is _______.

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

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Definitions:

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