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JT Smith Runs Gamemaker, an Equipment Producer for Gaming Service

Question 31

Essay

J.T. Smith runs Gamemaker, an equipment producer for gaming service corporations. As CEO, Smith is seemingly worth $2.5 million per year in the marketplace. The directors are attempting to decide how to divide his compensation package between cash salary and perquisites. Using budget constraints and indifference curves, illustrate the potential outcomes for the Board of Directors.

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