Suppose the minimum time taken to get a university degree is increased from three years to six years. What effect is this likely to have on the marginal product of labour? What effect will this have on the signalling value of a degree? Will all employers benefit from the change in signalling value?

Question

Quizplus · Accepted Answer

The Answer of Suppose the minimum time taken to get a university degree is increased from three years to six years. What effect is this likely to have on the marginal product of labour? What effect will this have on the signalling value of a degree? Will all employers benefit from the change in signalling value?

Suppose the Minimum Time Taken to Get a University Degree