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QUESTION 1: Scenario: Assume the marginal revenue product, MRP, for minority workers is given by MRP = 40 - 5Nm , where Nm is the number of minority workers. The market wage for minorities is $5/hr. Discriminating firms devalue the contributions of minorities at a rate of$5/hr (i.e., d=5). How many minority workers do non-discriminating firms hire? Supply integer value in your answer.
QUESTION 2: Stay with scenario in Q1. What is the profit level of non-discriminating firm at their chosen quantity demanded of minority workers? Supply the answer rounded to the nearest tenth decimal point (e.g. 20.5).
QUESTION 3: Stay with scenario in Q1. How many minority workers do discriminating firms hire? Supply an integer answer.
QUESTION 4: Stay with scenario in Q1. What is the profit level of discriminating firm at their chosen quantity demanded of minority workers? Supply an integer value.
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