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Derive the firm profit-max demand for labour

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Reference no: EM132413385

Assume the type of discrimination analysed by Becker, in which firms act as if they pay when they hire females and when they hire males, where and , are discrimination and nepotism coefficients respectively.

a. Embed these in place of wages in the firm profit function and derive the firm's profit-max demand for labour.

b. In the case where the value of the marginal product of male and female labour are the same, solve for the ratio of female to male wages when the discrimination and nepotism coefficients are both 0.1.

c. What is meant by discrimination and nepotism coefficients are both 0.1?

Reference no: EM132413385

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