--%>

Substantial general training to certain workers

When a firm gives substantial general training to specific workers: (i) it is probable to pay them a premium wage to cut labor turnover. (ii) the workers are likely to receive less pay than their VMPs after such training. (iii) the workers are most productive in their current jobs. (iv) they probably will receive below market wages throughout training periods. (v) None of the above.

Can someone explain/help me with best solution about problem of Economics...

   Related Questions in Managerial Economics

  • Q : Marginal revenue product and marginal

    When the marginal revenue product of the last worker hired through a large firm is fewer than its marginal resource cost, in that case the firm: (i) increases profits if this lies off a few workers. (ii) operates in a region of decrea

  • Q : Income Effects and Substitution Effects

    When the substitution effect of a higher wage rate is more powerful than the income effect, in that case the: (1) supply curve of labor will be positively sloped. (2) demand for leisure increases as income rises. (3) human capital eff

  • Q : Describe why firms may shut down

    If a perfectly competitive firm determines that its market price is below its minimum average variable cost, this will sell: w) the output where marginal revenue equivalents marginal cost. x) any positive output the entrepreneur decid

  • Q : Explain Simultaneous equation method of

    Explain the Simultaneous equation method of Demand Forecasting.

  • Q : Marginal Factor or Resource Costs The

    The words “marginal factor costs” or “marginal resource costs” taken as to the: (w) extra cost involved in producing an additional resource. (x) extra cost involved while producing an additional unit of a resou

  • Q : States the determinants of elasticity

    States the determinants of elasticity?

  • Q : Price Taker in Labor Supply Curves

    When a firm is a price taker in the labor market, in that case the: (w) wage is constant for any quantity of labor this would hire. (x) marginal resource cost of labor is constant for any quantity of labor this would hire. (y) wage equals the marginal

  • Q : Explain about input output table method

    Explain about input output table method.

  • Q : What is Demand Forecasting What is

    What is Demand Forecasting?

  • Q : Categorized the Positive income

    Categorized the Positive income Elasticity?