1 . Label each of the following goods as private, public, club, or common. a. Wa

Question

1. Label each of the following goods as private, public, club, or common.

a. Wall clock

b. Wristwatch

c. Cat

d. Cat video

e. Public restroom

2. John is a car salesman working for a Chevy dealership in Houston, Texas. He receives a base salary of $800/month plus a 10% commission on the price above cost for every car that he closes a deal on.

a. Describe a situation in which this payment structure incentivizes John to behave in ways the company would not find desirable.

b. Based on your above answer, how could the dealership either change their payment scheme or introduce some company policy to incentivize John to behave in a way that is more profitable for the dealership?

3. Suppose that Frank and Julie both work at a large company in the accounting department. They both have been with the company for 8 years, both possess a BBA in accounting, and both are certified public accountants; however, Julie makes less money than Frank. Can we conclude from the information provided that Julie is being discriminated against? Why or why not?

Explanation / Answer

Wristwatch - Private

Wall clock - Club

Cat - Private

Cat Video - Public

Public restroom - Common

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