ou are a professor of economics at a university.​ You've been offered the position of serving as department​ head, which comes with an annual salary that is ​$6,500 higher than your current salary.​ However, the position will require you to work 200 additional hours per year. Suppose the next best use of your time is spending it with your​ family, which has value of ​$20 per hour. What is the difference in the net benefit from becoming the department​head? The change in net benefit is ​(Enter your response as an integer.​)   To​ optimize, you ▼   should or should not become a department head.

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
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Chapter16: Bargaining
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You are a professor of economics at a university.​ You've been offered the position of serving as department​ head, which comes with an annual salary that is ​$6,500 higher than your current salary.​ However, the position will require you to work 200 additional hours per year. Suppose the next best use of your time is spending it with your​ family, which has value of ​$20 per hour.

What is the difference in the net benefit from becoming the department​head?
The change in net benefit is
​(Enter your response as an integer.​)
 
To​ optimize, you
 
should or should not
become a department head.
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