This topic contains a solution. Click here to go to the answer

Author Question: Why would a company be more enthusiastic in providing more training to its workers during an ... (Read 85 times)

haleyc112

  • Hero Member
  • *****
  • Posts: 600
Why would a company be more enthusiastic in providing more training to its workers during an economic downturn than during an economic boom (assuming that they do not layoff their workers and can keep them when the economy recovers)?
 
  What will be an ideal response?

Question 2

What is the opportunity cost of attending class today?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

During an economic downturn the opportunity cost of training workers is likely to be much smaller in terms of lost production. However, during an economic boom the costs are much larger because while employees are being trained they are not producing and selling as much output as they otherwise could if they were performing their normal duties.

Answer to Question 2

The opportunity cost of attending class today is the next best alternative for your time including sleeping, studying for another class, or earning income at a job. But it can't be all of these things since you can only do one of these things at a time.




haleyc112

  • Member
  • Posts: 600
Reply 2 on: Jun 29, 2018
Excellent


jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

For a complete list of videos, visit our video library