The lowest wage that the fitness club can pay to hire five swimming instructors is per week. Suppose the head of the fitness club has a preference for tall employees because he thinks it will increase revenue, and thus, he imposes the restriction that all swimming instructors hired must be at least 173 centimeters in height. Under this new regulation, the wage rate the fitness club must pay to attract five swimming instructors rises by $ per week.
The lowest wage that the fitness club can pay to hire five swimming instructors is per week. Suppose the head of the fitness club has a preference for tall employees because he thinks it will increase revenue, and thus, he imposes the restriction that all swimming instructors hired must be at least 173 centimeters in height. Under this new regulation, the wage rate the fitness club must pay to attract five swimming instructors rises by $ per week.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Discrimination in the labour market
I cant solve the second blank, need to know how to solve
The following table lists the name, height, and minimum wage 10 people are willing to accept to work as swimming instructors at an exclusive fitness club.
Name
|
Height
|
Minimum Wage
|
---|---|---|
(Centimetres)
|
(Dollars per week)
|
|
Eleanor | 177 | $306 |
Juanita | 163 | $321 |
Neha | 169 | $346 |
Gilberto | 179 | $360 |
Lorenzo | 175 | $380 |
Teresa | 164 | $402 |
Sam | 181 | $426 |
Darnell | 177 | $442 |
Andrew | 162 | $466 |
Beth | 173 | $482 |
The lowest wage that the fitness club can pay to hire five swimming instructors is
per week.
Suppose the head of the fitness club has a preference for tall employees because he thinks it will increase revenue, and thus, he imposes the restriction that all swimming instructors hired must be at least 173 centimeters in height. Under this new regulation, the wage rate the fitness club must pay to attract five swimming instructors rises by $ per week.
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