5. Discrimination in the labor marketThe following table lists the name, gender, height, and minimum wage 10 people are willing to accept to work as personal assistants at a prestigiouslaw firm.HeightMinimum WageNameGender(Inches) (Dollars per week)Paolo67$308LatashaF63$321Rosa66$342JakeM71$364NickM69$385AlyssaF66$407TimM70$421EdisonM70$450BrianM64$462Crystal69$484The lowest wage that the law firm can pay to hire five personal assistants isper week.Suppose the head of the law firm has a preference for tall employees because he thinks it will increase revenue, and thus, he imposes the restrictionthat all personal assistants hired must be at least 67 inches in height. Under this new regulation, the wage rate the law firm must pay to attract fivepersonal assistants rises by $|per week.

Wages are the income which is paid to the workers in exchange for the labor they offer. Reservation…

Answered: Height Minimum Wage Name Gender…

Height Minimum Wage Name Gender (Inches) (Dollars per week) Paolo M 67 $308 Latasha F 63 $321 Rosa F 66 $342 Jake M 71 $364 Nick M 69 $385 Alyssa F 66 $407 Tim M 70 $421 Edicon 70 $450

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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5. Discrimination in the labor market
The following table lists the name, gender, height, and minimum wage 10 people are willing to accept to work as personal assistants at a prestigious
law firm.
Height
Minimum Wage
Name
Gender
(Inches) (Dollars per week)
Paolo
67
$308
Latasha
F
63
$321
Rosa
66
$342
Jake
M
71
$364
Nick
M
69
$385
Alyssa
F
66
$407
Tim
M
70
$421
Edison
M
70
$450
Brian
M
64
$462
Crystal
69
$484
The lowest wage that the law firm can pay to hire five personal assistants is
per week.
Suppose the head of the law firm has a preference for tall employees because he thinks it will increase revenue, and thus, he imposes the restriction
that all personal assistants hired must be at least 67 inches in height. Under this new regulation, the wage rate the law firm must pay to attract five
personal assistants rises by $
|per week.

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