=CThe following table lists the name, gender, height, and minimum wage 10 people are willing to accept to work as sales clerks at a high-end clothingstore.Name GenderPaoloMGinnyFLuciaEricKenjiSharonPaoloCarlosVanAmy77°FMostly sunnyFF1ΣΣΗΣ Σ ΣOMMFThe lowest wage that the clothing store can pay to hire five sales clerks is SHeight(Inches)6763667169F26670706469Suppose the head of the clothing store has a preference for tall employees because he thinks it will increase revenue, and thus, he imposes therestriction that all sales clerks hired must be at least 67 inches in height. Under this new regulation, the wage rate the clothing store must pay toattract five sales clerks rises by $per week.-0-Minimum Wage(Dollars per week)$308$321$342$364$385$407$421$450$462$484F3:0+F4F5per week.F6F7F88F9*F10OF11F122FnLock3:11 PM6/29/2022InsertPrt Sc+

To profit, employers must keep a few things in mind while setting the wage rate. They must not set…

Name Gender Paolo M Ginny F Lucia Eric Kenji Sharon Paolo Carlos Van Amy Η ΣΣΕ ΣΣΣ M M M M M F Height (Inches) 67 63 66 71 69 66 70 70 64 69 Minimum Wage (Dollars per week) $308 $321 $342 $364 $385 $407 $421 $450 $462 $484

Name Gender Paolo M Ginny F Lucia Eric Kenji Sharon Paolo Carlos Van Amy Η ΣΣΕ ΣΣΣ M M M M M F Height (Inches) 67 63 66 71 69 66 70 70 64 69 Minimum Wage (Dollars per week) $308 $321 $342 $364 $385 $407 $421 $450 $462 $484

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

=C
The following table lists the name, gender, height, and minimum wage 10 people are willing to accept to work as sales clerks at a high-end clothing
store.
Name Gender
Paolo
M
Ginny
F
Lucia
Eric
Kenji
Sharon
Paolo
Carlos
Van
Amy
77°F
Mostly sunny
F
F1
ΣΣΗΣ Σ Σ
O
M
M
F
The lowest wage that the clothing store can pay to hire five sales clerks is S
Height
(Inches)
67
63
66
71
69
F2
66
70
70
64
69
Suppose the head of the clothing store has a preference for tall employees because he thinks it will increase revenue, and thus, he imposes the
restriction that all sales clerks hired must be at least 67 inches in height. Under this new regulation, the wage rate the clothing store must pay to
attract five sales clerks rises by $
per week.
-0-
Minimum Wage
(Dollars per week)
$308
$321
$342
$364
$385
$407
$421
$450
$462
$484
F3
:0+
F4
F5
per week.
F6
F7
F8
8
F9
*
F10
O
F11
F12
2
Fn
Lock
3:11 PM
6/29/2022
Insert
Prt Sc
+

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