LABOR ECONOMICS
LABOR ECONOMICS
8th Edition
ISBN: 9781260004724
Author: BORJAS
Publisher: RENT MCG
Question
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Chapter 9, Problem 11P

(a)

To determine

Determine the percent of blacks and whites are driving drunk at night.

(b)

To determine

Determine of the 5000 cars observed how many are driven by blacks, and how many are driven by whites.

(c)

To determine

Identify the percent of black people that arrested for drunk driving under the enforcement scheme.

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The production function of a firm is described by the following equation Q=10,000L-3L2 where Lstands for the units of labour.a) Draw a graph for this equation. Use the quantity produced in the y-axis, and the units of labour inthe x-axis. b) What is the maximum production level? c) How many units of labour are needed at that point?
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