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Business, 16.10.2019 03:30 dolphinfan321

There are two employers in bucolic that hire people who do not have a high school degree: a grocery store and a hardware store. the grocery store pays $10 per hour and the hardware store pays $12 per hour. people who work at either store can work as many hours as they want at those wages. assume that it takes two hours to interview for a job. lee works at the grocery store, but would like to work at the hardware store. if lee interviews at the hardware store, there is a 10 percent probability of being hired. assume that lee is risk-neutral. what is lee's expected hourly benefit from interviewing at the hardware store?

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