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Assume that skilled labor costs twice as much as unskilled labor, a profit maximizing firm will hire until the marginal product of unskilled labor is half that of skilled labor.
A profit maximizing firm is a firm that tries to create products that are of good quality at the barest or smallest cost.
The marginal product falls after an additional amount of the resource has been added. It is the extra amount that is gained due to the addition of an extra unit.
Due to the fact that both the skilled and unskilled would decrease eventually, the company would have to hire both at equal marginal products.
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The answer to this question is a part of Employee onboarding
and orientation. An Employee onboarding is the process where a new employee
will be welcomed in the company and will inform the new employee of the culture
of the company, rules and regulations, and the new hired employee will also
receives his or her identification cards, and other related paper works with
regards the persons tasks. Also in the employee onboarding, the benefits of the
employee are also being discussed to ensure that the new hired employee will
know what are his benefits and perks. Employee
Onboarding may take at least 3 days depending on the program schedule that the
human resource officer had made.
Answer:
a. from one banks to another
Explanation:
