Could you please explain the solution? 15. A worker with access to a competitive wage W=500, can choose between a high effort level e=1or a low effort level e=0 with respective costs c(e=1)=50, c(e=0)=0 and operates a stochastic technology yielding a high level product Q (as opposed to a low level product a) with probability P=1/3 if e=1, or with probability p-1/4 if e=0 (under circumstances making it socially efficient a high effort level). Then, the efficiency wage of optimal contract of a risk-neutral principal is: a) 100 b) 500 c) 1000 d) 1100. e) none of the previous statements a-d is correct.

Q: What is the coefficient of x²wa³b in the expansion of (x+y+w+a+b)??

A: To determine the coefficient of x2wa3b in the expansion of x+y+w+a+b7.

Q: 3 -4- -0- 4. 2.

A:

Q: How many terms are there in the multinomial expansion of (x₁ + x₂ + ...........+xr)n?

A: Multinomial expansion :  (X1 + X2 + X3 + ......Xr)n  We have to calculate no. of terms in this…

Q: 12 Find the term of (a – 3b)" that has b in it.

A:

Q: 5/14+1/6

A: 514+16=15+742

Q: Find the term indicated in the expansion (x + 2y)6; third term.

A: Find the term indicated in the expansion (x + 2y)6; third term.

Q: 4root2*4root2

A:

Q: 7 2 3k+1= [A] k = 2

A: Consider the equation ∑n=273k+1=A We have to find the value of A Expand the summation of left hand…

Q: What is the coefficient of a b³c² in the expansion of

A: In this question, we need to find the coefficient of a4b3c2.

Q: 4. Fill in the following contingency table with the number of observations that fall into each com-…

A: x1 = number of colored oranges from Skittles brand = 77 x2 = number of colored oranges from M &…

Q: (n + 4)3 =

A: Given query is to expand (n+4)3

Q: 6/9 +  5/18 + 1 3/6

A:

Q: What is the 5th term in the expansion of (2x²y³ – ¹y)° O 14.25x7 y 20 15.75x10 y 19 15.05x¹0y17…

A: Given: 2x2y3-14y9=2x2y3-y49

Q: 18(9+7)+3

A: 18(9+7)+3

Q: W 4. What is the value of the 4th term of the expansion (a + b)"? O a5 O 5a*b O 10a²63 10a b?

A:

Q: 5. Find the coefficient of a¹¹b4 in the expansion of (a + b)¹5.

A:

Q: 6. Using the data from the contingency table, obtain the value of the test statistic of our test. 7.…

A: Step 1: Given: x1 = number of colored oranges from Skittles brand = 77 x2 = number of colored…