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Consider the salary of Mary Sue Nelson… Show more Please s

Paper help Economics Consider the salary of Mary Sue Nelson… Show more Please s

Economics

Consider the salary of Mary Sue Nelson… Show more Please s

Consider the salary of Mary Sue Nelson… Show more Please show all the mathematical steps that led to answer D. Consider the salary of Mary Sue Nelson, a sales agent for Plain Truth Advertising. Her wage package is W = 1,000 + .4Q, where Q is her dollar volume of sales. Her productivity is Q = 200e +u, where e denotes her hours of effort and m is a random variable with mean 0. She has an effort cost of C = e 2 . Under this contract, the expected value of her total wages will be: A. $200.00. B. $1,000.00. C. $3,060.00. D. $4,200.00. • Show less

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