Some universities with budget problems have offered generous payments to any tenured professor who agrees to leave

Question:

Some universities with budget problems have offered generous payments to any tenured professor who agrees to leave the university.

a. How does this plan help the university’s budget?

b. Explain why the professors who accept this offer are not a random sample of the university’s professors.

c. Explain why this plan could lower the average quality of the university’s professors.

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