Suppose That Low-Productivity Workers All Have Marginal Products of 10

question 3

Multiple Choice

Suppose that low-productivity workers all have marginal products of 10 and high-productivity workers all have marginal products of 16.The community has equal numbers of each type of worker.The local community college offers a course in microeconomics.High-productivity workers think taking this course is as bad as a wage cut of $3, and low-productivity workers think it is as bad as a wage cut of $5.

• A)There is a separating equilibrium in which high-productivity workers take the course and are paid $19 and low-productivity workers do not take the course and are paid $10.
• B)There is no separating equilibrium and no pooling equilibrium.
• C)There is a separating equilibrium in which high-productivity workers take the course and are paid $16 and low-productivity workers do not take the course and are paid $10.
• D)There is no separating equilibrium, but there is a pooling equilibrium in which everybody is paid $13.
• E)There is a separating equilibrium in which high-productivity workers take the course and are paid $16 and low-productivity workers are paid $13.

Understand the purpose and process of conducting needs assessments.

Recognize the historical context and evolution of organizational models, particularly during the Industrial Revolution.

Classify types of behavior patterns of professionals in bureaucratic settings.

Understand the concept of needs assessment and its scope.

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Definitions:

The Descent of Man

A book by Charles Darwin that discusses human evolution and sexual selection, published in 1871.

The Origin of Species

A seminal book by Charles Darwin published in 1859, formally introducing the scientific theory of evolution by natural selection.

Scientific Contribution

The addition of knowledge, findings, or innovations to a specific field or discipline by a researcher or group of researchers.

Charles Darwin

A British naturalist, who is best known for his contributions to the theory of evolution and his proposal of natural selection as a mechanism for evolution.