Ten Workers Work Jointly on a Project

question 28

Multiple Choice

Ten workers work jointly on a project.All 10 workers are equally skilled.The total value of the output produced is $90 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?

• A)$420
• B)$45
• C)$405
• D)$4,050
• E)None of the above.

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Definitions:

General Weakness

A symptom characterized by a reduced strength in one or more muscles, not necessarily linked to any specific disease or disorder.

Throat

The front part of the neck, or the passage behind the mouth and nose that leads to the esophagus and larynx, essential for breathing, swallowing, and speaking.

Muscle End Plate

The region of a muscle fiber membrane that is directly beneath the terminal portion of a motor neuron, critical for neuromuscular transmission.

Neurotransmitter

Neurotransmitters are chemical messengers that transmit signals across a synapse from one neuron to another, influencing various bodily and mental functions.