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Ten Workers Work Jointly on a Project

question 10

Multiple Choice

Ten workers work jointly on a project.All 10 workers are equally skilled.The total value of the output produced is $60 times the sum of the number of hours worked by all 10 workers.Each worker's utility is equal to his income minus the square of the number of hours he works.Each worker is selfish.The employers have no way of keeping track of any individual's work effort, so they decide to let each person work as long as he wants to and they divide the total value of the output equally among the workers.How much income will each worker get?


Definitions:

Digastrics

A muscle located under the jaw that acts in the opening of the mouth and drawing back of the lower jaw.

Levator Veli Palatine

A muscle in the oral cavity that elevates the soft palate during swallowing and speaking to prevent food from entering the nasal passages.

Soft Palate

The soft tissue constituting the back of the roof of the mouth, separating the mouth from the nasopharynx.

Middle Constrictor

A muscle that encircles the pharynx, responsible for constriction during swallowing to push food into the esophagus.

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