Patricia owns a cleaning business with Sarah. They both have other jobs and are trying to determine the number of hours to work at the cleaning business. The following payoff matrix shows their daily incomes depending on the number of hours they work at the cleaning business.

	Sarah
Patricia		Full time	Part time
Full time	$60, $60	$50, $80
Part time	$80, $50	$55, $55

If Patricia chooses to work full time and Sarah works part time, what will each earn in daily income? (2 points)

	Patricia will earn $60; Sarah will earn $60.
	Patricia will earn $50; Sarah will earn $80.
	Patricia will earn $80; Sarah will earn $50.
	Patricia will earn $55; Sarah will earn $55.
	Indeterminate

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Consider the following diagram of a small open economy: a Calculate net exports and the capital out-flow when the world real interest rate is 7%. b. Calculate net exports and the capital out-flow when the world real interest rate is 5%. Real Interest Rate, r 500 600 Saving Curve Investment Curve 1000 1100 Desired Saving and Investment (in bitions of dollars) Consider the following diagram of a small open economy: a Calculate net exports and the capital out-flow when the world real interest rate is 7%. b. Calculate net exports and the capital out-flow when the world real interest rate is 5%. Real Interest Rate, r 500 600 Saving Curve Investment Curve 1000 1100 Desired Saving and Investment (in bitions of dollars)

Answer rating: 100% (QA)

Patricia chooses to work full time Sarah chooses to work part time Looking at the ... View the full answer