When a firm provides specific training, what happens to the gap between the post-training wage and the marginal product as the market interest rate decreases? O a. It persists for a longer period of time. O b. It increases. O c. It stays the same. O d. It decreases.

When a firm provides specific training, what happens to the gap between the post-training wage and the marginal product as the market interest rate decreases? O a. It persists for a longer period of time. O b. It increases. O c. It stays the same. O d. It decreases.

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter8: Costs And The Supply Of Goods

Section: Chapter Questions

Problem 11CQ

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Question

When a firm provides specific training, what
happens to the gap between the post-training
wage and the marginal product as the market
interest rate decreases?
O a. It persists for a longer period of time.
O b. It increases.
O c. It stays the same.
O d. It decreases.

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