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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*.
The lowest level of y* that can be set and still have only the high-productivity people meet it is
A) 90.
B) 60.
C) 30.
D) 22.5.
E) 15.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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