Answer to Question #72430 in Economics for darragh

Question #72430
groupK : smart
groupM : not as smart

Cost of attaining education:
CK(e) : 3000e
CM(e) : 4000e e stands for years of education

employees are offered 30,000 if e<e*
employees are offered 90,0000 if e>e*

Question; for education to serve as a signal for smarts what is the min e* employers should set?
1
Expert's answer
2018-01-16T09:46:50-0500
Dear darragh, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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