- Willingness to Pay 6 If 1 => earn $130 If 2,3 => earn $90 If 4,5,6 => earn 50 2 If 1 => save 6 of Gross If 2,3 => save 5 If 4,5,6 => save 4 5

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Willingness to Pay 6 2 5 If 1 => earn $130 If 1 => save 6% of Gross Years If 2,3 => earn $90 If 2,3 => save 5% If 4,5,6 => earn 50 If 4,5,6 => save 4% 130000 90000 12500 50000 7800 1000000 consumers 15600 23400 31200 39000 46800 5400 10800 16200 21600 27000 32400 3000 6000 9000 12000 15000 18000
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0.06 1 0.05 2 0.04 3 4 5 6 6500 5200 13000 10400 19500 15600 26000 20800 0.17 32500 26000 0.17 39000 31200 0.17 0 4500 3600 216 9000 7200 1000000 13500 10800 4629.63 18000 14400 22500 18000 27000 21600 2500 2000 5000 4000 7500 6000 10000 8000 12500 10000 15000 12000
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1000000 Col 1 Prob Col 2 Prob Col 3 130000 0.17 0.06 0.17 1 0.17 90000 0.33 0.05 0.33 2 0.17 50000 0.5 0.04 0.5 3 0.17 4 0.17 5 0.17 6 0.17 0 4629.63 0 4629.63 0 4629.63 0 4629.63 0 4629.63 0 4629.63 0 0.01 9259.26 0.01 9259.26 0.01 9259.26 0.01 9259.26 0.01 9259.26 0.01 9259.26 0 0.01 13888.89 0.01 13888.89 0.01 13888.89 0.01 13888.89 0.01 13888.89 0.01 13888.89
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salary Saving rab time kept Willingness P(s) P(t) P(s,r,t) 50000 4% 1 2000 0.5 0.5 0.17
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This note was uploaded on 09/08/2010 for the course BUS 189 at San Jose State University .

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- Willingness to Pay 6 If 1 => earn $130 If 2,3 => earn $90 If 4,5,6 => earn 50 2 If 1 => save 6 of Gross If 2,3 => save 5 If 4,5,6 => save 4 5

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