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

question 97

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.
Who is most likely to have a job that pays $50,000?

• A)Risk-averse graduates.
• B)Graduates who don't mind taking risks.
• C)Risk-neutral graduates.
• D)Graduates who are either risk-neutral or risk-averse.

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Definitions:

Omnivore

An organism that eats both plants and animals as its primary source of food.

Carnivore

An organism that primarily eats other animals as its main source of food.

Autotroph

Autotrophs are organisms that produce their own food from inorganic substances using light or chemical energy, forming the base of the food chain in ecosystems.

Heterotrophs

Organisms that obtain their energy by consuming other organisms, unable to synthesize their own food from inorganic sources.