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) Neha F 66 $309 Simone F 64 $321 Ana F 68 $344 Rajiv M 70 $367 Yakov M 70 $390 Dina F 66 $402 Charles 71 $425 Lorenzo M 70 $448 Gilberto M 63 $460 Juanita F 68 $483 The lowest wage that the law firm can pay to hire five personal assistants is S 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

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Chapter1: Making Economics Decisions
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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)
Neha
F
66
$309
Simone
F
64
$321
Ana
68
$344
Rajiv
M
70
$367
Yakov
70
$390
Dina
66
$402
Charles
M
71
$425
Lorenzo
M
70
$448
Gilberto
M
63
$460
Juanita
F
68
$483
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 S
per week.
Transcribed Image Text: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) Neha F 66 $309 Simone F 64 $321 Ana 68 $344 Rajiv M 70 $367 Yakov 70 $390 Dina 66 $402 Charles M 71 $425 Lorenzo M 70 $448 Gilberto M 63 $460 Juanita F 68 $483 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 S per week.
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