Answer the following:

Consider the information below: For Group A the cost of attaining an educational level y is CA(y) = 2, 000y and for group B the cost of attaining that level is CB(y) = 4, 000y Employees will be offered 30, 000 if they have y y*. Answer the following questions: c) What happens if y" is set at 45? What if y* = 13.33? What happens if y* = 20? In each case, explain which type of individual would attain y*