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 171 centimeters in height. Under this new regulation, the wage rate the law firm must pay to attract five personal assistants rises by $ per week.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Discrimination in the labour market

 

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The following table lists the name, height, and minimum wage 10 people are willing to accept to work as personal assistants at a prestigious law firm.
Name
Height
Minimum Wage
(Centimetres)
(Dollars per week)
Andrew 169 $307
Kyoko 161 $322
Rina 174 $347
Jacques 178 $363
Musashi 176 $388
Yvette 167 $403
Sean 182 $429
Eric 175 $444
Bob 165 $470
Cho 175 $485
 
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 171 centimeters in height. Under this new regulation, the wage rate the law firm must pay to attract five personal assistants rises by $          per week.
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