Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 19.2, Problem 2QQ
To determine
Economics of discrimination.
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Students have asked these similar questions
Critically discuss how societal discrimination AND labour market discrimination can explain why women are less likely to study and work in the Trucking field. Please use intext citation in essay
If employers are profit-maximizers, then
O competition will always eventually eliminate employment discrimination.
O employment discrimination may persist if consumers discriminate.
O employment discrimination will persist because it is always profitable.
O compensating differentials carinot exist.
3. For a profit-maximizing monopsonist (only person hiring), they will hire labor until
the MCE=MRPE. Consult the following table which I have started to fill out. What is
the optimal number of workers for this firm to hire if their product sells for $15.
+
Workers
0
12345
1
a.
b. 2
C. 3
d. 4
Wage
0
3
9
21
30
39
MCE
3
15
111
Product/hour Revenue MPE
N/A
5
0
SIIHE
5
9
12
14
15
$0
$75
$135
LER
4
T
110
F FOCUS
MRPE
N/A
75
60
40
Chapter 19 Solutions
Principles of Economics, 7th Edition (MindTap Course List)
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Similar questions
- How does monopsony affect the equilibrium wage and employment levels?arrow_forwardDescribe how the earnings gap between blacks and whites has evolved in recent decades.arrow_forwardDoes a gap between the average earnings of men and women, or between whites and blacks, prove that employers are discriminating in the labor market? Explain briefly.arrow_forward
- Will discriminatory wage differentials persist or are they temporary? OA. If discrimination is due to government laws or the preferences of consumers, then the wage differentials will be permanent for as long as those laws or preferences persist. OB. If discrimination is due to government laws or the preferences of consumers, then the wage differentials will be temporary OC. If discrimination is due to government laws, then the wage differentials will be temporary. If discrimination is due to the preferences of consumers, then the wage differentials will be permanent for as long as those preferences persist. OD. If discrimination is due to government laws, then the wage differentials will be permanent for as long as those laws persist. If discrimination is due to the preferences of consumers, then the wage differentials will be temporary.arrow_forward12. If an employee suffers intense harassment and quits because of it, there is said to be: O a. harassment O b. constructive discharge O disparate treatment O d. retaliation 13. If an employment rule which on its face is neutral, has the effect of causing illegal discrimination, there is said to be a disparate impact. О а. True оь. False 14. There may be a defense of Select Jin. in a situation where an employer rewards on the basis of productivity and it happens to produce the appearance of discrimination in pay.arrow_forwardSeved Help Save & Exit Su Total Product Unit of Labor Product Price $ 2.20 1. 15 2.0 2 28 1.80 39 1.60 4 48 1.40 55 1.20 6. 60 1.10 Refer to the table, which gives data for a firm that is hiring labor in a purely competitive market. If the wage rate is $4.5, how many workers will the firm choose to employ? Multiple Choice Refer to the table, which gives data for a firm that is hiring labor in a purely competitive market if the wage rate is $4.5, how many workers will the firm choose to employ? Multiple Cholce 3 O 5 2.arrow_forward
- "Discuss the Implications of Employer Discrimination for the Hiring Decisions of the Firm."arrow_forward3.3 W W₁ Given the figure below, answer the questions in the table. O MWC 9₂ 9 9₂ Quantity of sabor 5,- AWC DMRP-VMP Questions/ statements 1. Name the labour market that is represented in the figure above The SL curve is upward sloping, since it represents the entire market (True/ False) 2. 3. The MWC (rises/falls) more rapidly as this is the only firm hiring 4. What is the hiring rule for this market? 5. Suppose this is a perfectly competitive market, at which point would they hire? 6. Where does efficiency loss occur? 7. Where does society loss occur? 8. The MWC is more (elastic/inelastic) than the SL Answers (8)arrow_forwardhow does equilibrium in a labour market with a monopsony employer change if a minimum wage is set at a competitive level. show using diagrams Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate.arrow_forward
- A wage differential between skilled and unskilled workers exists because skilled workers have higher marginal products than unskilled workers. True O Falsearrow_forwardDoes the earnings gap between the average wages of females and the average wages of males prove labor market discrimination? Why or why not?arrow_forwardDescribe how the earnings gap between men and women has evolved in recent decades.arrow_forward
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