Explain the discrimination coefficient.

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Answer 1

Question

Chapter 9, Problem 1RQ

To determine

Explain the discrimination coefficient.

Expert Solution & Answer

Explanation of Solution

Generally, the taste discrimination affects the hiring decision of the employers because prejudice blinds the employer to the actual monetary cost of hiring a particular employee. In such situation, the measurement of the strength of an individual’s discriminatory taste is called discrimination coefficient that is denoted by ‘d’.

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In the following table, complete the third column by determining the quantity sold in each country at a price of $18 per toy train. Next, complete the fourth column by calculating the total profit and the profit from each country under a single price. Price Single Price Quantity Sold Price Discrimination Country (Dollars per toy train) (Millions of toy trains) Profit (Millions of dollars) Price (Dollars per toy train) Quantity Sold (Millions of toy trains) Profit (Millions of dollars) France 18 Russia 18 Total N/A N/A N/A N/A Suppose that as a profit-maximizing firm, Le Jouet decides to price discriminate by charging a different price in each market, while its marginal cost of production remains $8 per toy. Complete the last three columns in the previous table by determining the profit-maximizing price, the quantity sold at that price, the profit in each country, and total profit if Le Jouet price discriminates. Le Jouet charges a lower price in the market with a relatively elastic…

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Answer 2

Question

Chapter 9, Problem 1RQ

To determine

Explain the discrimination coefficient.

Expert Solution & Answer

Explanation of Solution

Generally, the taste discrimination affects the hiring decision of the employers because prejudice blinds the employer to the actual monetary cost of hiring a particular employee. In such situation, the measurement of the strength of an individual’s discriminatory taste is called discrimination coefficient that is denoted by ‘d’.

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Answer 3

Question

Chapter 9, Problem 1RQ

To determine

Explain the discrimination coefficient.

Expert Solution & Answer

Explanation of Solution

Generally, the taste discrimination affects the hiring decision of the employers because prejudice blinds the employer to the actual monetary cost of hiring a particular employee. In such situation, the measurement of the strength of an individual’s discriminatory taste is called discrimination coefficient that is denoted by ‘d’.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 9, Problem 1RQ

To determine

Explain the discrimination coefficient.

Expert Solution & Answer

Explanation of Solution

Generally, the taste discrimination affects the hiring decision of the employers because prejudice blinds the employer to the actual monetary cost of hiring a particular employee. In such situation, the measurement of the strength of an individual’s discriminatory taste is called discrimination coefficient that is denoted by ‘d’.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 9, Problem 1RQ

To determine

Explain the discrimination coefficient.

Expert Solution & Answer

Explanation of Solution

Generally, the taste discrimination affects the hiring decision of the employers because prejudice blinds the employer to the actual monetary cost of hiring a particular employee. In such situation, the measurement of the strength of an individual’s discriminatory taste is called discrimination coefficient that is denoted by ‘d’.

Answer 6

Chapter 9, Problem 1RQ

To determine

Explain the discrimination coefficient.

Expert Solution & Answer

Explanation of Solution

Generally, the taste discrimination affects the hiring decision of the employers because prejudice blinds the employer to the actual monetary cost of hiring a particular employee. In such situation, the measurement of the strength of an individual’s discriminatory taste is called discrimination coefficient that is denoted by ‘d’.

Answer 7

Chapter 9, Problem 1RQ

To determine

Explain the discrimination coefficient.

Answer 8

Expert Solution & Answer

Explanation of Solution

Generally, the taste discrimination affects the hiring decision of the employers because prejudice blinds the employer to the actual monetary cost of hiring a particular employee. In such situation, the measurement of the strength of an individual’s discriminatory taste is called discrimination coefficient that is denoted by ‘d’.