Saturday
October 25, 2014

Homework Help: economics

Posted by aaniya gill on Saturday, September 10, 2011 at 6:53am.

According to the rule for optimal input usage, a firm should hire a person as long as his or her marginal revenue product is greater than his or her marginal cost to the company. It is well known that many companies have 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? Explain

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Managerial Economics--Help! - I just need help in reviewing my answers...they ...
PLEASE HELP- managerial economics - I just need an answer check on these true/ ...
economics - Can someone assist me with these two questions. Thanks A perfectly ...
Need help Reviewing Managerial Economics - just need help in reviewing my ...
Economics/Marginal Analysis - 21st Century Electronics has discovered a theft ...
Economics - 50. In both monopolistic competition and non-price-discriminating ...
Economics - you are hired as the consultant to a monopolistically competitive ...
economics - Complete the following table for the firm below which is selling its...
Economics - Yeah, so I'm in urgent need of help with this homework. 1. Assume ...
Economics - Suppose that a firm determines that its marginal revenue is greater ...

Search
Members