In a company, if high-ability workers get paid $80,000, while low-abil
In a company, if high-ability workers get paid $80,000, while low-ability workers get paid $50,000, the education (MBA) that can qualify the workers as high-ability ones cost $20,000.
What’s the highest share of high-ability workers to get a separating equilibrium? A) 1/4
B) 1/3
C) 1/2
D) 1
ANSWER
B
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.