5. Suppose a firm's production function is given by: q=10√/Ef + Em where Ef and Em are the number of female workers and male workers employed by the firm respectively. Suppose the market wage for female workers is $10, the market wage for male workers is $20, and the price of each unit of output is $100. Which of the following statements is correct? (a) Male workers and female workers are perfect complements in this firm's pro- duction function. (b) Male workers and female workers are not perfect substitutes in this firm's production function. (c) The marginal product of a male worker is higher than the marginal product of a female worker. (d) The marginal product of a male worker is 10 E₁+Em (e) The marginal product of a female worker is 5 Ef+Em (f) The profit maximizing inputs by a non-discriminating firm consist of one third female workers and two thirds male workers. (g) The profit maximizing inputs by a non-discriminating firm consist of two thirds female workers and one third male workers. (h) The profit maximizing inputs by a non-discriminating firm consist of equal numbers of male and female workers.

5. Suppose a firm's production function is given by: q=10√/Ef + Em where Ef and Em are the number of female workers and male workers employed by the firm respectively. Suppose the market wage for female workers is $10, the market wage for male workers is $20, and the price of each unit of output is $100. Which of the following statements is correct? (a) Male workers and female workers are perfect complements in this firm's pro- duction function. (b) Male workers and female workers are not perfect substitutes in this firm's production function. (c) The marginal product of a male worker is higher than the marginal product of a female worker. (d) The marginal product of a male worker is 10 E₁+Em (e) The marginal product of a female worker is 5 Ef+Em (f) The profit maximizing inputs by a non-discriminating firm consist of one third female workers and two thirds male workers. (g) The profit maximizing inputs by a non-discriminating firm consist of two thirds female workers and one third male workers. (h) The profit maximizing inputs by a non-discriminating firm consist of equal numbers of male and female workers.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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