Upon graduating from UTM, you are offered the choice between two positions. Both are commission based with varying monthly incomes. Option 1: $3,000/month 40% of the time, and $5,000/month 60% of the time. • Option 2: $3,000/month 55% of the time, and $6,000/month 45% of the time. For parts (a) and (b): show your calculations (rounding all to 2 decimal places) to determine the following. Include 1 to 2 sentenc which incorporate numerical evidence to explain how you arrived at your conclusion.

Upon graduating from UTM, you are offered the choice between two positions. Both are commission based with varying monthly incomes. Option 1: $3,000/month 40% of the time, and $5,000/month 60% of the time. • Option 2: $3,000/month 55% of the time, and $6,000/month 45% of the time. For parts (a) and (b): show your calculations (rounding all to 2 decimal places) to determine the following. Include 1 to 2 sentenc which incorporate numerical evidence to explain how you arrived at your conclusion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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