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Scenario 17.2
Consider the information below:
For Group K the cost of attaining an educational level y is
CK(y) = $2,000y
and for Group M the cost of attaining that level is
CM(y) = $4,000y.
Employees will be offered $30,000 if they have where y* is an education threshold determined by the employer. They will be offered $90,000 if they have
-Refer to Scenario 17.2. The lowest level of y* that can be set and still have only the high-productivity people meet it is:
Productivity
The measure of efficiency of a person, machine, factory, or system in converting inputs into useful outputs.
High-Performing
Describes individuals, teams, or organizations that consistently achieve outstanding results relative to their peers or objectives.
Low-Performing
Referring to an individual or entity that fails to meet expected or standard levels of productivity or achievement.
Friendly Competitive
A situation in which competitors interact in a positive and supportive manner while still striving to win.
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