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Given the Model Income = 10,000 + 1,000YearsofExperience + 100YearsofExperience2

Question 1

Multiple Choice

Given the model Income = 10,000 + 1,000YearsofExperience + 100YearsofExperience2, a one year increase in years of experience from 10 years is expected to lead to a:


A) 1,100 increase in income
B) 1,000 increase in income
C) 3,000 increase in income
D) 11,100 increase in income

Correct Answer:

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