Citizens of a given country belong to two categories which are indistinguishable for the employer:...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Citizens of a given country belong to two categories which are indistinguishable for the employer: the more- and less-talented. All of them finish university studies, however not all of them with distinction. Acquiring a diploma with distinction costs $100,000 for the less-talented persons and $50,000 fr the more-talented ones (involving e.g. effort, private lessons, bribes, etc.) (value calculated for the moment of obtaining the first salary). University alumni sign a contract for an indefinite period envisaging a costant annual salary and discount it based on the 10% annual discount rate. There are no possibilities of promotion. Independently of the obtained diploma and talents, each alumni may take up a job for a market salary of $40,000 per year. A certain company would like to employ only more-talented employees. What could its recruitment and wage policy look like?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.