According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost…
According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company. It is well known that many companies management training programs in which new trainees are paid relatively high starting salaries and are not expected to make substantial contributions to the company until after the program is over (programs may run between 6 to 18 months). In offering such training programs, is a company violating the optimality rule? “unfortunately i cannot increase the deadline as the assignment is due immediately. I would appreciate any help you can give. Thank you
According to the rule for optimal input usage, a firm should hire a person as long asher marginal revenue product is greater than her marginal cost to the company. It iswell known that many…
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