You have recently graduated from college, and after a job search that took 4 months, you received an offer from an advertising firm. The position offers training, the opportunity for advancement, and a bonus of up to $5,000 based on performance. The annual salary is $40,000, which is lower than you expected; your research found the average pay for similar jobs is $50,000. Your average monthly living expenses are $2,000, and you have $7000 in savings. You know from a friend who works there that prospective employees typically try to negotiate after receiving a job offer and that the company expects to receive a counter offer from you. The higher your request, the less likely the company is to agree with it. You must decide whether to accept the offer or ask for a higher salary and, if so, what it will be. Conduct an analysis that uses a decision tree and states your BATNA (best alternative to a negotiated agreement) and reservation value to support your decision. Explain the analysis and your decision.

Your response should be at least 300 words in length.