In which new trainees are paid relatively high starting

Assignment Help Business Economics
Reference no: EM1348917

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

Reference no: EM1348917

Questions Cloud

Developmental theories fundamentals : After deciding upon the three developmental theories you will compare and contrast, locate research that has been conducted on those developmental theories. You will find research and empirical articles located in the online library.
Find out the normal force exerted by the floor : Light with a wavelength of 4.5 x10-5 cm passes through a single slit and falls on a screen 100 cm away. If the slit is 0.015 cm wide, what is the distance from the center of pattern to first dark band.
Relationship in feedback loop and organizational learning : Relationship between feedback loops and Organizational Learning - Is there a difference between the notion of Organizational Learning (OL) and that of the "Learning Organization (LO)? Are we anthropomorphizing organizations when we say that they "l..
Calculate expected return, variance, and standard deviation : General Eclectic Company is planning three possible capital investment projects. The projected returns depend on the future state of the economy as given here.
In which new trainees are paid relatively high starting : 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.
Calculate the end-to-end delay : Suppose a propagation speed of 100 km/hour. Assume caravan travels 150 km, beginning in front of tollbooth. Calculate the end-to-end delay.
Explain what is the effect of investing in mtbf : Explain What is the effect of investing in MTBF that is 1000 hours higher than the range of customer expectation
Illustrate what are the values of cyclical unemployment : What are the short-run equilibrium values of the price level, expected price level, output, and unemployment rate. Illustrate what are the values of cyclical unemployment and unanticipated inflation.
Humanistic and existential perspectives : Behavior that most people would consider abnormal how might one or both humanistic theories modify behavior. How does treatment vary with in humanistic and existential perspectives?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd