Suppose Firm A and Firm B hire only women. That is:W(1 + da) < Wmand WF(1 + d) < WM-If the discrimination coefficient is higher for Firm A than Firm B (da >de), then which of the following statements is correct?АA. Firm A will hire more women than Firm B.B. Firm B will hire more women than Firm A.C. Both firms will hire the same number of women.

Labor discrimination, also known as employment discrimination, refers to unfair or unjust treatment…

Answered: Suppose Firm A and Firm B hire only…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Assume a monopsony uses only one factor, i.e. labor, L, to produce a final good, Q, which is sold in a competitive market at the price p = 1 to maximise profits. The production function of the monopsonist is given by Q (L) = 100L - 1L². The inverse supply curve for labor is w(L) = 2 20 + 2 L. a. Derive and describe the monopsony's inverse demand curve for labor. b. Describe algebraically and graphically how many units of labor the monopsony hires and at what wage. Describe the nature of monopsony power and provide economic intuition.
6) Faced with 2 distinct functionsQ1 =24- 0.2P1 ; Q2 = 10 – 0.05P2 & TC =35 + 40Q where Q= Q1 + Q2What prices and quantities will the firm set a) with discrimination? b) Without discrimination? Find the profit earned in each case .Use MR=MC method to maximize profit and check second order conditions.
Suppose that a firm is producing in the short run with output given by: Q = 55L-L² The firm hires labor at a wage of $45 per hour and sells the good in a competitive market at P = $14 per unit. Find the firm's optimal use of labor. Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.
Equality of opportunity (free from any formal discrimination other than according to merit) would ensure that the market will eliminate any residual prejudices through the competitive mechanism. True False
For Question 53, and 54, use the table below. The table provides information about output (Q) the firm produces, revenues in a perfectly competition firm using factor of production labor FP (L) which represents workers. For example, a total of 2 workers produces 15 units per hour. TR is total revenue. MR is marginal revenue, MP is marginal product and MRP is marginal revenue product. Given this information, how much is the MP for worker (L) for worker 2 and 3. P Q 0 15 05 and 5 CO 35 and 25 7 and 5 OB and 7 TR 0 100 MR www MP wwww MRP FP (L) 0
The marginal expenditure of a monopsony buyer is as follows: ME = P + (dP/dQ)Q P = factor's market price & Q = quantity of the factor sold a) Demonstrate that the marginal expenditure faced by the monoposonist is equal to: ME = P(1 + 1 / elasticity of supply) b) Show that the marginal expenditure on the good will always be greater than or equal to the price of the good c) Utilize the formula you derived to explain why, if the buyer's side were competitive, marginal expenditure would equal the market price d) Will the factor's market price be higher or lower under a monoposonist buyer than in a perfectly competitive market?
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Consider the wage negotiations between Cricket Australia (CA) and the union that represents the players. Assume that Cricket Australia and the union are bargaining over how much of a $200 surplus will be split. Suppose that the union moves first and suggests an offer p. CA may accept or reject the offer. If the offer is accepted the union gets p and the CA gets 200 - p. If the offer is rejected, CA will now make an offer q for which the union may accept or reject. If the offer q is accepted the Union gets q and CA gets 200 - q. If offer q is rejected, both parties get 0. Assume that the possible offers to be made are $1, $100 or $199. What is payoff for the Union in the subgame perfect equilibrium of this bargaining scenario?
Consider a firm withd> 0, under all the assumptions we made in class. If W_F (1 + d) > W_M, then the firm will hire:●Only men●Only women●More women than men●More men than women●Equal numbers of men and women
already got a) b) c) plz answer d) e) f)!!
A monopsonist’s products are sold in a perfect competitive market at a price of $6. If the firm’s TFC=5L+2L2 and in the short run, its marginal product equals 10. How many units of labor will she employ and what wage will she pay? Assume now the monopsonist firm’s product is in a monopoly market with demand function P=80-2Q. How many units of labor will she employ and what wage will she pay
Suppose that a firm is producing in the short run with output given by: Q = 68L-L2 The firm hires labor at a wage of $25 per hour and sells the good in a competitive market at P = $21 per unit. Find the firm's optimal use of labor. Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.

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