! For questions 11-14: Suppose a firm's production function is given byeq = 8JEW + Ep,"where Ex and E; are the number of whites and blacks employed by the firm respectively. It can be shown that-the marginal product of-labor is then4.MPĘ =Ew+EbSuppose the market wage for black workers is $16, the market wage for whites is $20, and the price of each unit-of output is $100.11. According to the production funetion, the relationship-between black workers and white workers is -A. Perfect substitutese B. ComplementaryeC. UnknowneD. None of above12. If the firm does not discriminate, it hires only:worker, and the output quantity isThe profit isA. White; 400; $5,000eB. White; 200; $10,000-C. Black; 400; $5,000-D. Black; 200; $10,000e13. If a firm is discriminatory, the discriminate coefficient isworker and black worker. And the number of workers hired isA. 1; lessewhen the firm is indifferent between hiring whitethan the number hired if it's not discriminatory. -B. 1; moreC. 0.25; lesseD. 0.25;more14. If the firm is discriminatory with discrimination coefficient 2.5, it hires only-employment isA.White;400; $8,000worker, and the number ofThe profit isB. White; 500; $10,000C. Black; 400;$8,000D. Black; 500; $10,000

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For questions 11-14: Suppose a firm's production function is given-by q = 8 Ew + Ep,“ where Ex and Es are the number of whites and blacks employed by the firm respectively. It can be shown that- the marginal product of labor-is then MPg Ew+Eb Suppose the market wage for black workers is $16, the market wage for whites is $20, and the price ofeach unit- of output is $100.+ 11. According to the production function, the relationship between black workers and white workers is A. Perfect substitutese B. Complementarye C. Unknowne D. None of above

For questions 11-14: Suppose a firm's production function is given-by q = 8 Ew + Ep,“ where Ex and Es are the number of whites and blacks employed by the firm respectively. It can be shown that- the marginal product of labor-is then MPg Ew+Eb Suppose the market wage for black workers is $16, the market wage for whites is $20, and the price ofeach unit- of output is $100.+ 11. According to the production function, the relationship between black workers and white workers is A. Perfect substitutese B. Complementarye C. Unknowne D. None of above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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