Is a company violating the optimality rule

Assignment Help Business Economics
Reference no: EM13159201

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?

Reference no: EM13159201

Questions Cloud

Find the corresponding minimum cost function : Does this production function display increasing, constant or decreasing returns to scale and find the corresponding minimum cost function assuming that w 1 and w 2 are given.
How do asymmetric information affect future of health care : Moving beyond this particular episode, briefly discuss how do asymmetric information, adverse selection, and moral hazard affect the future of health care policy in the United States.
How could they continue to operate at a loss : How could they continue to operate at a loss? 3. You want to determine the profit-maximizing production quantity for a monopolist.
Determine specific heat capacity of this sample of carbon : The amount of energy needed to heat 2.00 g of carbon from 50.0°C to 80.0°C is 42.6 J. The specific heat capacity of this sample of carbon is ?
Is a company violating the optimality rule : 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. In offering such training programs, is a company violating the optimality rule?
What is the role of each in your immune system : The proper functioning of your immune system depends on two processes termed clonal deletion and clonal selection. What do these terms mean, how do these processes work, and what is the role of each in your immune system?
Calculate the ionization energy for an atom : It is possible to determine the ionization energy for hydrogen using the Bohr equation. Calculate the ionization energy for an atom of hydrogen, making the assumption that ionization is the transition from n=1 to n=∞.
Fair values of identifiable net assets : Under the acquisition method, if the fair values of identifiable net assets exceed the value implied by the purchase Pratt of the acquired company, the excess should be:
Calculate the avrg. size of the cork cells : Calculate the avrg. size of the cork cells, in mm, if there are 6 cells across the field of view and the objective lens used was 40x.

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what is maximum profit the monopolist can earn

Suppose that the Indian government reduces its deficit and returns to a balanced budget. If other thing remian the same, how will the demand or supply of loanable funds in India change.

  Given two downward-sloping and linear demand curves

Given two downward-sloping, linear demand curves, with one showing consumption to be 50 percent greater than the other demand curve at each price, is the demand elasticity the same at any given price?

  Find the value of all the intrest paid to ken

Find the value of X such that the loan is fully repaid with the last payment. b) What is the dollar amount of each of the five payments ? c) Find the value of all the intrest paid to ken ?

  What are some strengths and weaknesses of hdi

Why is an understanding of Illustrate what development means crucial to policy formulation in developing nations. Why do you think a nation may have difficulties in agreeing on a rough definition of development.

  Discusses an example of a regulatory measure

Discusses an example of a regulatory measure which was supposed to serve public interest, but in reality serves private interest.

  Is the student analysis correct

Is the student’s analysis correct? Illustrate your answer with a demand and supply graph. Based on Martin Peers, “Future Shock for Internet Ads?” Wall Street Journal, February 17, 2009.

  Explain how much output will each firm produce in the stack

EXplain how much output will each firm produce in the Stackelberg Equilibrium. What will be the market price. How much profit does each firm make.

  Explain how much money will you have earned

Explain how much money willyou have earned when the bond reaches maturity in five years.

  Elucidate how resource scarcity influences this marketplace

Elucidate how resource scarcity influences this marketplace also describe choices stakeholders must make.

  Calculate output-price-total revenue and total profit

Calculate output, price, total revenue and total profit at revenue maximizing activity level and n at profit maximizing level.

  Illustrate what does your anticipated adjustment process

Illustrate what does your anticipated adjustment process imply about the CR for the industry. Industry B has 20 Industries also a Concentration Ratio (CR) of 80%.

  Society under allocates resources

When a society under allocates resources to the construction of a good or service, it indicates

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