The wage of a known high-quality worker, wh, is 10,000. The wage for a known low-quality worker, wl, is 4,000. The share of the work force that is of high quality, s, is 0.5. For what value of the cost, c, of a college education that serves only as a signal of a high-quality worker does a pooling equilibrium exist?
A) c > 3,000
B) c < 3,000
C) c < 1,000
D) c = 2,500
Question 2
The cost, c, of a college education that serves only as a signal of a high-quality worker is 10,000. The wage of a known high-quality worker, wh, is 30,000. The wage for a known low-quality worker, wl, is 10,000. For what value of the share of the work force that is of high quality, s, is a pooling equilibrium possible?
A) s > 0.5
B) s = 0
C) s = 0.25
D) s < 0.45
(a) With few ticks, moose retain a brown coat; (b) at high numbers of ticks, moose self-groom, destr
Major Findings of the High Scope Preschool Study High Scope participants showed better academic per
The Laguna Santero, Retablo and high altar of the Church of San José, Old Laguna Pueblo, New ...
Moderate to high physical activity in PE classes is one component of a successful prevention effort ...
The high-voltage shut-off switch on a Ford Escape hybrid. The switch is located under the carpet at ...
Newborns, infants, and children have a high percentage of body weight composed of water...