--%>

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 : Occurrence of production Production

    Production broadly happens while: (1) a corporation creates a profit. (2) weather disperses economic bads within the environment. (3) knowledge is used to direct energy to change materials and raise their value. (4) resources are combined within a bal

  • Q : Illustrates the merits of scarcity

    Illustrates the merits of scarcity definition?

  • Q : Bend backward labor supplies Labor

    Labor supply curves “bend backward” within response to overwhelmingly powerful: (i) marginal effort effects. (ii) income effects. (iii) wealth effects. (iv) derived supply effects. (v) substitution effects.

    Q : Explain the target pricing briefly

    Explain the target pricing briefly.

  • Q : Explain the way of Price Elasticity of

    Explain the way of Price Elasticity of Demand.

  • Q : Most valuable human capital The most

    The most valuable human capital onto the given list would be possessed through a person who: (w) inherited a great deal of money. (x) invested large sums on the stock market. (y) had an advanced degree in music education. (z) specialized like a medica

  • Q : Increases in demand for a resource The

    The demand for a resource would increase while the: (w) price of which resource decreases. (x) price of a substitute resource decreases. (y) consumer demand for products decreases. (z) price of a complementary resource decreases.

  • Q : Explain elements of managerial

    Illustrates the elements of managerial economics as a tool for decision making?

  • Q : Fundamental goal of maximizing in firms

    Economists suppose that firms hire labor to further a fundamental goal of maximizing: (1) economic profit. (2) workers’ welfare. (3) economy-wide employment. (4) managerial compensation. (5) the total value of output.

  • Q : Illustrates the different kinds of

    Illustrates the different kinds of Demand?