What is the highest level of y that can still be met

Assignment Help Econometrics

Reference no: EM13242413

Consider the following information. For Group A the cost of attaining an educational level is CA(y)=$6,000y and for Group B this is CB(y)=$10,000y. Employees will be offered $50,000 if they have y<y*, where y* is an educational threshold determined by the employer. They will be offered $130,000 if the have y>y*.

(a) What is the lowest level of y* that still allows the separate the groups (i.e., that only high productivity people can meet).

(b) What is the highest level of y* that can still be met by high productivity people?

Reference no: EM13242413

Questions Cloud

Is the result significantly different from random : Assume that 60 students take a triangle test with Coke and Pepsi. Each student taste three glasses where two drinks are identical. The students have to find out which of the three glasses contains the different drink.

Find the electric field : A uniform electric field exists between two conducting plates separated by 1.7mm . A dust grain with charge 65 nC between the plates feels a 26N electric force, Find the electric field

What happens to the value of dollars in the market : Suppose the French suddenly develop a strong taste for California wines. What happens to the demand for dollars in the market for foreign-currency exchange What happens to the value of dollars in the market for foreign-currency exchange

Find the coefficient of friction between the block and table : A 5.5- kg concrete block rests on a level table. A 3.1- kg mass is attached to the block by a string passing over a light, what is the coefficient of friction between the block and the table

What is the highest level of y that can still be met : Consider the following information. For Group A the cost of attaining an educational level is CA(y)=$6,000y and for Group B this is CB(y)=$10,000y. Employees will be offered $50,000 if they have y

Prepare the consolidated financial statements for peony : Calculate the balance of its "Investment in Nye" account and prepare the consolidated financial statements for Peony at December 31, 20X6 using the direct method.

Determine the mechanical energy of the system : A mass-spring system oscillates with an amplitude of 5.50cm. If the spring constant is 247N/m and the mass is 584g, determine the mechanical energy of the system

Calculate lambert-rogers profit-maximizing output : Lambert-Rogers Co. is a manufacturer of petrochemical products. The firm's research efforts have resulted in the development of a new auto fuel injection cleaner that is considerably more effective than other products on the market.

How much total work is done on the object : An object, which is initially at rest on a frictionless horizontal surface, is acted upon by four constant forces. How much total work is done on the object in 4.44 seconds

User Account

All Pages