Business, 27.02.2020 21:55 athenareyes420

At Ultrinsic. com, students pay a small entry fee to compete in grades-based contests for cash prizes. Suppose that 15 students from your economics class each pay $70 to enter a grades-based contest. This would create a $1050 prize pool. An equal share of the $1050 pot is awarded at the end of the term to each contestant who earns an A in the course. If four students earn A’s, each receives $262. If only one student earns an A, that person gets the entire $1050 pot. What economic concept does Ultrinsic. com use to encourage participants to learn more and get better grades? A. incentives B. trade creates value C. trade-offs D. opportunity costs E. marginal thinking

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At Ultrinsic. com, students pay a small entry fee to compete in grades-based contests for cash prize...

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