Signaling when education is productive. there are two groups of workers: h types (higher productivity) and l types (lower productivity). let ch(e) denote a type h worker’s cost function for obtaining education and let cl(e) denote the cost function for a type l worker, where: cl(e) = 0.5 · e 2 (10) ch(e) = 0.25 · e 2 . (11) mh = 4e is the marginal product of labor for a type h worker and ml = 2e is the marginal product for a type l worker. by assumption, the marginal product of labor for each type depends on the amount of education received. a fraction p = 0.4 are type h and the rest of the workers are type l. as usual, the utility that a worker receives from working is the wage minus cost: u(e) = w(e) − c(e) (12) answer the following:
(a) clearly define a pooling equilibrium for this problem.
(b) solve for all values of ¯e that are consistent with a pooling equilibrium. show your work.
(c) clearly define a separating equilibrium for this problem.
(d) solve for all values of ¯e that are consistent with a separating equilibrium. show your work.

step 1: create a plan

step 2: inventory facility equipment/assets

step 3: create preventive maintenance procedures

step 4: create preventive maintenance schedules

step 5: train your maintenanceteam

step 6: analyze – adjust - improve

or

step 1 – pm procedure design: doing the effective things

step 2 – pm procedure scheduling: efficient use of people and resources

step 3 – pm lubrication engineering

step 4 – pm training: back on the chain gang

step 5 – pm program management plan

step 6 – communicate, communicate, communicate

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer$22,000 ;