5. Discrimination in the labor market The following table exhibits the name, gender, height, and minimum wage 10 people are willing to accept to work as human resource specialists at a large financial firm. Name Gender Raphael M Hilary F Maria F Edison Kevin Simone Rajiv Charles Yakov Ana M M F M M M F Height (Inches) 65 66 67 72 70 64 69 69 65 70 Minimum Wage (Dollars per week) $291 $314 $336 $359 $372 $394 $417 $440 $452 $475 The lowest weekly wage that the financial firm can spend in order to hire five human resource specialists is $ Suppose the hiring director of the financial firm prefers taller candidates because they think it will increase revenue, and so they impose a requirement that all newly hired human resource specialists must have a height of at least 68 inches. With this mandate in place, the weekly wage rate the financial firm now must pay in order to hire five human resource specialists increases by $
5. Discrimination in the labor market The following table exhibits the name, gender, height, and minimum wage 10 people are willing to accept to work as human resource specialists at a large financial firm. Name Gender Raphael M Hilary F Maria F Edison Kevin Simone Rajiv Charles Yakov Ana M M F M M M F Height (Inches) 65 66 67 72 70 64 69 69 65 70 Minimum Wage (Dollars per week) $291 $314 $336 $359 $372 $394 $417 $440 $452 $475 The lowest weekly wage that the financial firm can spend in order to hire five human resource specialists is $ Suppose the hiring director of the financial firm prefers taller candidates because they think it will increase revenue, and so they impose a requirement that all newly hired human resource specialists must have a height of at least 68 inches. With this mandate in place, the weekly wage rate the financial firm now must pay in order to hire five human resource specialists increases by $
Chapter1: Making Economics Decisions
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Transcribed Image Text:5. Discrimination in the labor market
The following table exhibits the name, gender, height, and minimum wage 10 people are willing to accept to work as human resource specialists at a
large financial firm.
Name Gender
Raphael
M
Hilary
Maria
Edison
Kevin
Simone
Rajiv
Charles
Yakov
Ana
F
F
M
M
F
M
M
M
F
Height
(Inches)
65
66
67
72
70
64
69
69
65
70
Minimum Wage
(Dollars per week)
$291
$314
$336
$359
$372
$394
$417
$440
$452
$475
The lowest weekly wage that the financial firm can spend in order to hire five human resource specialists is $
4
Suppose the hiring director of the financial firm prefers taller candidates because they think it will increase revenue, and so they impose a requirement
that all newly hired human resource specialists must have a height of at least 68 inches. With this mandate in place, the weekly wage rate the
financial firm now must pay in order to hire five human resource specialists increases by $
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