Suppose you are hiring a worker for your firm you advertise, Finance Basics

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Suppose you are hiring a worker for your firm you advertise

a. Suppose you are hiring a worker for your firm. You advertise a position for $50,000, but an applicant offers to work for $40,000. Should you jump at this offer?

b. Suppose you have $1000 to lend and offer it for 10-percent interest. Someone promises to pay 20 percent if you lend to him. Should you jump at this offer?

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Finance Basics: Suppose you are hiring a worker for your firm you advertise

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Finance Basics: Suppose you are hiring a worker for your firm you advertise

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