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Question: PLEASE FOLLOW DIRECTIONS AND LABEL ANSWERS!!!!!
Suppose that a firm's production function is given by q = 20E0.50 .The marginal product of labor is 10/E0.50. The market wage for whites is $15, and the market wage for blacks is $10. The firm sells its product at $6 per unit.
a. How many workers would the firm hire if it does not discriminate?
b. How many workers would the firm hire if it discriminates against blacks with a discrimination coefficient of d = 0.20?
c. How many workers would the firm hire if it discriminates against blacks with a discrimination coefficient of d = 0.60?
The demand curve for a product is given by P=60-3Qd, where P is the price of the product and Qd is the quantity demanded for the product.
Why is fishing in the ocean, where there are no well-defined property rights, a concern regarding our ability to ensure sustainable use of our fishing stock? Research what is being done in New England coastal fisheries to ensure sustainable cod fi..
analyze the balance-of-payment structure and make at least one recommendation for reducing errors andor omissions.
Economists have long known that free markets are perfectly efficient. Consider Q1 in the graph, above. How much do consumers value one more unit of output.
Describe the level of the minimum wage over the years. What can you conclude from comparing it with the two poverty thresholds?
Megagroup Healthcare (aka the Group) has approached you as a consultant. The Group has a vague understanding of Fusion Guided Biopsies of the Prostate (FGP). In contacting you the Group asks for paper that includes: What is the break-even number o..
Fronterra, created in 2001 by New Zealand lawmakers, profits some 13,000 dairymen instead of all the citizens of the nation.
Imports of peanuts into the United States are subject to a quota, set at about 1.7 million pounds per year. a. Illustrate the free-trade equilibrium in the market for peanuts. Then show the quota's effects on domestic consumption, domestic production..
Graph the supply and demand schedule for pizza using $5 through $15 as the value of p. In equilibrium, how many pizzas would be sold at what price?
If the saving rate (s) increased from 0.1 to 0.2, (other parameters remaining unchanged) what would be the new steady state levels of K/N and Y/N?
Suppose the demand curve for a product is given by Q = 19 - 1P + 2Ps Where P is the price of the product and Ps is the price of a substitue good.
the problem of public-sector employee performanceit is generally recognized that one of the core problems of
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