Scenario 17.2 Consider the information below: For Group K the cost of attaining an educational level y is C K (y) = $2,000y and for Group M the cost of attaining that level is C M (y) = $4,000y. Employees will be offered $30,000 if they have where y* is an education threshold determined by the employer. They will be offered $90,000 if they have -Refer to Scenario 17.2. If the threshold educational level y^* is set at 13 1/3, A) only individuals in Group K will attain it. B) only individuals in Group M will attain it. C) individuals in both groups will attain it. D) no individuals will attain it. E) some fraction of individuals in each group will attain it.

Question

Quizplus · Accepted Answer

Individuals in both groups will attain it because the threshold is set at a level that is achievable by members of both groups, indicating that the educational attainment is accessible to individuals from both groups based on the given scenario.

Scenario 17.2 Consider the Information Below