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firm has two types of employees: type-G good employees and type-S superstar employees. The firm would like to identify the type-S employees early on during
firm has two types of employees: type-G "good" employees and type-S "superstar" employees. The firm would like to identify the type-S employees early on during their tenure at the firm, in order to place them on a steeper, leadership-oriented, career trajectory. Employee types may not be easy to identify within the first few weeks of their arrival, but the firm knows that type-S employees dilfer from type-G employees in their opportunity cost (including effort, time spent doing homework, etc.) of education and training: For type-S candidates, the personal opportunity cost of completing a y-week training course at the firm is CS(y) = $600y. For type-G candidates, the personal opportunity cost of completing a y-week training course at the firm is CG(y) = $1,000y. The firm offers all newly-hired employees the opportunity to complete a y*-week in-house training course. Employees who successfully complete the course receive a one-time $8,000 bonus. Refer to Scenario 1. What is the shortest training course duration y* that will be completed only by the type-S employees? O 13 1/3 weeks None of the above 16 weeks O 13 weeks 8 weeks
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