Suppose the marginal revenue product (MRP) for international workers is given by MRPM = = 30 - 5M, where M is the number of international workers employed. The market wage for these workers is $5/hr and discriminating firms devalue the contributions of international workers at a rate of $5/hr (i.e., d = 5). Question A How many workers do non- discriminating firms hire: What is their economic profit level: $ Question B How many workers do discriminating firms hire: What is their economic profit level: $
Suppose the marginal revenue product (MRP) for international workers is given by MRPM = = 30 - 5M, where M is the number of international workers employed. The market wage for these workers is $5/hr and discriminating firms devalue the contributions of international workers at a rate of $5/hr (i.e., d = 5). Question A How many workers do non- discriminating firms hire: What is their economic profit level: $ Question B How many workers do discriminating firms hire: What is their economic profit level: $
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please correct answer and don't use hend raiting
![Suppose the marginal revenue product (MRP)
for international workers is given by MRPM
=
= 30 - 5M, where M is the number of
international workers employed. The market
wage for these workers is $5/hr and
discriminating firms devalue the contributions of
international workers at a rate of $5/hr (i.e., d
=
5). Question A How many workers do non-
discriminating firms hire: What is their economic
profit level: $ Question B How many workers do
discriminating firms hire: What is their economic
profit level: $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe1b5a4d6-2b06-4540-984f-a8f3a445e403%2F364a0a99-cba6-49ae-8f7c-73e0ac0bb837%2Fj2yyiz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose the marginal revenue product (MRP)
for international workers is given by MRPM
=
= 30 - 5M, where M is the number of
international workers employed. The market
wage for these workers is $5/hr and
discriminating firms devalue the contributions of
international workers at a rate of $5/hr (i.e., d
=
5). Question A How many workers do non-
discriminating firms hire: What is their economic
profit level: $ Question B How many workers do
discriminating firms hire: What is their economic
profit level: $
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