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Given the Model Income = 20,000 + 1,500YearsofExperience + 150YearsofExperience2

Question 14

Multiple Choice

Given the model Income = 20,000 + 1,500YearsofExperience + 150YearsofExperience2 - 10 YearsofExperience3, a one year increase in years of experience from 10 years is expected to lead to a:


A) 1,500 increase in income
B) 1,650 increase in income
C) 1,800 increase in income
D) 1,770 increase in income
E) None of the above, need more information

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