Jane and Tom must choose to work a risky job or a safe job. If Jane's reservation price for working in a risky job is $18 per hour while Tom's reservation price for working in a risky job is $12 per hour, then in which kind of job will each choose to work if safe jobs pay $10 per hour and risky jobs pay $26 per hour.

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Based on the information provided Janes reservation price for working in a risky job is 18 per hour ... View the full answer