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Question
Consider the information below:For Group A the cost of attaining an educational level y is
CA(y) = $6,000y
and for Group B the cost of attaining that level is
CB (y) = $10,000y.
Employees will be offered $50,000 if they have y < y*, where y* is an education threshold determined by the employer. They will be offered $130,000 if they have y > y*.
An employer who only wants to hire those people who find learning less costly can do so by choosing y* to be anywhere between
A) 15 and 45.
B) 15 and 30.
C) 13 1/3 and 30.
D) 8 and 20.
E) none of the above
Answer
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Related questions
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Use the following statements to answer this question:
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Q:
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Q:
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