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For questions 11-14: Suppose a firm's production function is given by q = 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 thene 4 MPg = Ew+Eb Suppose 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.

For questions 11-14: Suppose a firm's production function is given by q = 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 thene 4 MPg = Ew+Eb Suppose 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.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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For questions 11-14: Suppose a firm's production function is given bye q = 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 then 4. MPĘ = Ew+Eb Suppose 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. Complementarye C. Unknowne D. None of above 12. If the firm does not discriminate, it hires only: worker, and the output quantity is The profit is A. White; 400; $5,000e B. White; 200; $10,000- C. Black; 400; $5,000- D. Black; 200; $10,000e 13. If a firm is discriminatory, the discriminate coefficient is worker and black worker. And the number of workers hired is A. 1; lesse when the firm is indifferent between hiring white than the number hired if it's not discriminatory. - B. 1; more C. 0.25; lesse D. 0.25;more 14. If the firm is discriminatory with discrimination coefficient 2.5, it hires only- employment is A.White;400; $8,000 worker, and the number of The profit is B. White; 500; $10,000 C. Black; 400;$8,000 D. Black; 500; $10,000
Transcribed Image Text:For questions 11-14: Suppose a firm's production function is given bye q = 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 then 4. MPĘ = Ew+Eb Suppose 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. Complementarye C. Unknowne D. None of above 12. If the firm does not discriminate, it hires only: worker, and the output quantity is The profit is A. White; 400; $5,000e B. White; 200; $10,000- C. Black; 400; $5,000- D. Black; 200; $10,000e 13. If a firm is discriminatory, the discriminate coefficient is worker and black worker. And the number of workers hired is A. 1; lesse when the firm is indifferent between hiring white than the number hired if it's not discriminatory. - B. 1; more C. 0.25; lesse D. 0.25;more 14. If the firm is discriminatory with discrimination coefficient 2.5, it hires only- employment is A.White;400; $8,000 worker, and the number of The profit is B. White; 500; $10,000 C. Black; 400;$8,000 D. Black; 500; $10,000
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