Multiple Choice
A profit-maximizing firm which wants to provide firm-specific training to its workers will pay ________ in the training period and ________ after training is completed.
A) the market wage for single period jobs; the market wage for single period jobs
B) more than the market wage for single period jobs; more than the market wage for single period jobs
C) less than the market wage for single period jobs; less than the post-training marginal revenue product
D) more than the worker's marginal revenue product in other jobs; more than the worker's marginal revenue product in other jobs
Correct Answer:
Verified
Correct Answer:
Verified
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