Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Chapter 19, Problem 7E
To determine
To explain:
The allotment process and the people who will be allocated if some college classes are more popular than others.
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5. Discrimination in the labor market
The following table exhibits the name, gender, height, and minimum wage 10 people are willing to accept to work as travel nurses at a regional hospital.
Name
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Cho F 65 $297
Frances F 64 $316
Latasha F 68 $336
Dmitri M 70 $355
Jake M 71 $374
Rosa F 65 $393
Nick M 72 $420
Brian M 71 $439
Tim M 66 $451
Alyssa F 68 $478
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5. Discrimination in the labor market
The following table exhibits the name, gender, height, and minimum wage 10 people are willing to accept to work as human resource specialists at a large financial firm.
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Gender
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Minimum Wage
(Inches)
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Paolo M 67 $298
Ginny F 63 $311
Lucia F 66 $332
Eric M 71 $354
Kenji M 69 $375
Sharon F 66 $397
Paolo M 70 $411
Carlos M 70 $440
Van M 64 $452
Amy F 69 $474
The lowest weekly wage that the financial firm can spend in order to hire five human resource specialists is____.
Suppose the hiring director of the financial firm prefers taller candidates because they think it will increase revenue, and so they impose a requirement that all newly hired human resource specialists must have a height of at least 67 inches. With this mandate in place, the weekly wage rate the financial firm now must pay in order to hire five human resource specialists increases by_____.
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