Mathematics, 13.12.2019 02:31 foziasif724
Suppose there are two types of persons: high-ability and low-ability. a particular diploma costs a high-ability person $10,000 and costs a low-ability person $18,000. firms wish to use education as a screening device where they intend to pay $35,000 to workers without a diploma and $k to those with a diploma. in what range must k be to make this an effective screening device?
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