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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1812055d-4d30-4b17-bede-6c35baa8eeaa%2Fb5bca72f-fdae-4a4c-89be-30091c77f099%2F7yjpoc_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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