Suppose the Minimum Time Taken to Get a University Degree

question 60

Essay

Suppose the minimum time taken to get a university degree is increased from three years to six years. What effect is this likely to have on the marginal product of labour? What effect will this have on the signalling value of a degree? Will all employers benefit from the change in signalling value?

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A type of expenditure that a business incurs as a result of carrying out its day-to-day operations, excluding the cost of goods sold.

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