Reference no: EM13773028
Suppose that the labor market is competitive and there are a total of 1,000 black workers and 1,000 white workers (who each supply their labor in elastically). Both black and white workers are equally productive, having constant individual dollar productivities of $180. There are a total of 2,500 jobs. Let d denote the coefficient of discrimination, and let V(d') denote the number of jobs for which d?d . Finally, assume every employer offers one job each.
a) What is the labor market outcome in the absence of any discrimination, i.e. d = 0 for all employers?
b) Assume instead that V(d')= 500+100 d'. How many unprejudiced job openings are there? What is the most prejudiced firm's coefficient of discrimination? How prejudiced is the median employer?
c) What is the equilibrium wage of white workers?
d) Characterize the labor market equilibrium for black workers. Is there discrimination against them?
e) Comment on the equilibrium marginal employer's prejudice when compared with the prejudice of the median firm. [The marginal employer is the one who is indifferent between hiring blacks and whites given the equilibrium relative wages of blacks and whites in the market.]
|
Sources of pollution that affected lake erie
: Discuss two reasons why the large amounts of plastic in the ocean are an environmental concern.
|
|
Price charged and marginal revenue a monopolist receives
: Explain the relationship between the price charged and the marginal revenue a monopolist receives from selling an additional unit. Provide a discussion that explains the relationship between the monopolist’s marginal revenue and its price elasticit..
|
|
Quantity traded-consumer surplus and producer surplus
: Explain how a monopolist chooses its profit-maximizing price and quantity. The paper should then discuss how the monopolist’s profit-maximizing decision affects price, quantity traded, consumer surplus and producer surplus, compared to a competitive ..
|
|
Case study - google
: Read case study"Google: Don't Be Evil Unless..." Summarize the overall viewpoint of the author, and discuss the major issues presented in the case
|
|
What is the equilibrium wage of white workers
: Suppose that the labor market is competitive and there are a total of 1,000 black workers and 1,000 white workers (who each supply their labor in elastically). Both black and white workers are equally productive, having constant individual dollar pro..
|
|
Address police department roles and functions
: Write a 1,050- to 1,400-word paper in which you address police department roles and functions. Include the following in your paper:
|
|
Is the industry in long-run competitive equilibrium
: A firm in a purely competitive industry is currently producing 1,000 units per day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300, and if it produced 500 units per day, its total cost would be $275. If e..
|
|
What inference can be made regarding back translation
: What inference can be made regarding back translation? Which of the following facts is not given in the text regarding writing clearly in multilanguage business environments?
|
|
Identify the topic and the topic of your paper is important
: Identify the topic. The topic of your paper is important. Try to sum up the point of your paper in one sentence or phrase that is original and topic focused, well developed, and thought provoking. This will help your paper stay focused on the main..
|