Question: I don't know how to write it up correctly. Q2: Skill Matching Problem. Suppose there are 8 workers with uniformly distributed skills on a unit
I don't know how to write it up correctly.

Q2: Skill Matching Problem. Suppose there are 8 workers with uniformly distributed skills on a unit circle. Now suppose 4 rms enter the market with skill requirement of 36.156,1% and %. Use appropriate diagrams to show your work in this question. a. What is the skill gap? (5 points) b. What is the net wage, if gross wage is equal to 10 and unit training cost is equal to 32? (5 points) c. Now, suppose workers types increase to 10. How many rms will enter the market? What is the new skill gap? Find the new net wage. (5 points)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
