An employment research company estimates that the value of a recent MBA graduate

Question

An employment research company estimates that the value of a recent MBA graduate to an accounting company is V- 4e2+3g3 where Vis the value of the graduate, e is the number of years of prior business experience, and g is the graduate school grade point average. A company that currently employs graduates with a 2.5 average wishes to maintain a constant employee value of V 250, but finds that the grade point average of its new employees is dropping at a rate of 0.2 per year. How fast must the experience of its new employees be growing in order to compensate for the decline in grade point average? (Give the answer to two dedimal places.) years every year

Explanation / Answer

8e(de)/dt + 9g2 (dg)/dt = 0

Now when g = 2.5 and v = 250 then e= 7.12 approximately

Putting these values in above equation we have

de/dt = 0.198 approximately

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