Jorge considers himself a risk-averse person. he takes the opportunity to switch to a new job where there are two possible outcomes: there is a 20% chance that he will earn $30,000 more per year than in his current job, and there is an 80% chance that he will get laid off and end up in a job where he is earning $10,000 less than in his current job. what does this decision tell us about jorge?

Jorge is not risk-averse

Explanation:

Risk averse means to reluctant to take risk

Since theres a 80% chance that Jorge will get laid off and end up with a job that will pay him $10000 less is very risky instead where he'll earn $30000 where the chance is 20% that he'll get the job.

the interest will be $59.71

hope this

the amount of money you earn by working is your income.

the percentage of people actively looking for a job is called unemployment.