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Question: Where Women's Pay Trumps Men's Men work more than women on the job, at least in terms of overall hours. That's just one reason why, in most fields, men's earnings exceed women's earnings. But Warren Farrell found 39 occupations in which women's median earnings exceeded men's earnings by at least 5 percent and in some cases by as much as 43 percent. In fields like engineering, a company may get one woman and seven men applying for a job. If the company wants to hire the woman, it might have to pay a premium to get her. Also, where women can combine technical expertise with people skills-such as those required in sales and where customers prefer dealing with a woman-that's likely to contribute to a premium in pay.
a. Draw a graph to illustrate why discrimination could result in female workers getting paid more than male workers for some jobs.
b. Explain how market competition could potentially eliminate this wage differential.
c. If customers "prefer dealing with a woman" in some markets, how might that lead to a persistent wage differential between men and women?
You are considering auctioning a Leonardo Da Vinci original sketch. You entice four bidders to come to your auction. The bidders’ valuations of the sketch in decreasing order are $3.0, $2.2, $2.0, and $1.5 (in millions).
Why is an oligopolist more likely to be able to earn a profit in the long run compared to a monopolistic competitive firm?
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Show computation and graph
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A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 500 kw, have a life expectancy of 20 years and suppose the discount rate is 10%. If electricity can be purchased for costs of $0..
If you have access to the Interactive Edition of the Wall Street Journal, you can use the Briefing Books feature to obtain data on over 10,000 public companies. Use this feature to locate the briefing book on a large commercial bank in your area. ..
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