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Refer to the below for the two questions on this page. "In Smalltownsville, there are two types of workers, good and bad. There is only one company where these workers can get employed. If they are not hired by this company, they collect their outside option, which is $20 for good workers and $15 for bad workers. Good workers produce $32 for the company and bad workers produce $20. University has no effect on productivity, but it is costly for workers to attend uni: the cost is $10 for good workers and $20 for bad. The company would like to hire only good workers. Suppose it offers a wage of w to those workers who have gotten a uni education and offers no jobs to everyone else." The lowest wage that would induce only good workers to go to uni and makes positive profits for the company is special characters in your answer) (Please provide only a number without dollar signs or The highest wage that would induce only good workers to go to uni and makes nonnegative profits for the company is or special characters in your answer) (Please provide only a number without dollar signs

Refer to the below for the two questions on this page. "In Smalltownsville, there are two types of workers, good and bad. There is only one company where these workers can get employed. If they are not hired by this company, they collect their outside option, which is $20 for good workers and $15 for bad workers. Good workers produce $32 for the company and bad workers produce $20. University has no effect on productivity, but it is costly for workers to attend uni: the cost is $10 for good workers and $20 for bad. The company would like to hire only good workers. Suppose it offers a wage of w to those workers who have gotten a uni education and offers no jobs to everyone else." The lowest wage that would induce only good workers to go to uni and makes positive profits for the company is special characters in your answer) (Please provide only a number without dollar signs or The highest wage that would induce only good workers to go to uni and makes nonnegative profits for the company is or special characters in your answer) (Please provide only a number without dollar signs

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Refer to the below for the two questions on this page. "In Smalltownsville, there are two types of workers, good and bad. There is only one company where these workers can get employed. If they are not hired by this company, they collect their outside option, which is $20 for good workers and $15 for bad workers. Good workers produce $32 for the company and bad workers produce $20. University has no effect on productivity, but it is costly for workers to attend uni: the cost is $10 for good workers and $20 for bad. The company would like to hire only good workers. Suppose it offers a wage of w to those workers who have gotten a uni education and offers no jobs to everyone else." The lowest wage that would induce only good workers to go to uni and makes positive profits for the company is special characters in your answer) (Please provide only a number without dollar signs or The highest wage that would induce only good workers to go to uni and makes nonnegative profits for the company is or special characters in your answer) (Please provide only a number without dollar signs
Transcribed Image Text:Refer to the below for the two questions on this page. "In Smalltownsville, there are two types of workers, good and bad. There is only one company where these workers can get employed. If they are not hired by this company, they collect their outside option, which is $20 for good workers and $15 for bad workers. Good workers produce $32 for the company and bad workers produce $20. University has no effect on productivity, but it is costly for workers to attend uni: the cost is $10 for good workers and $20 for bad. The company would like to hire only good workers. Suppose it offers a wage of w to those workers who have gotten a uni education and offers no jobs to everyone else." The lowest wage that would induce only good workers to go to uni and makes positive profits for the company is special characters in your answer) (Please provide only a number without dollar signs or The highest wage that would induce only good workers to go to uni and makes nonnegative profits for the company is or special characters in your answer) (Please provide only a number without dollar signs
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