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Assume an employer offers a base wage of twenty dollar per hour for the 1st 40-hours of a work each week and overtime pay of thirty dollar per hour for any hours beyond forty per week; the employer allows workers to choose their own hours of work. Suppose employee A chooses to work thirty-six hours per week and employee B chooses to work forty-two hours per week. Compute the average weekly earnings for employees A and B, and compute the "earning gap" (in percentage terms) between them. In your view, does this observed earnings gap constitute discrimination? Justify conclusion.
A recent British study found that married mean earned more than unmarried men---but only if their wives did not have full-paid employment. Suggest an explanation for this finding. (Hint: In which case is a man more likely to share in the household responsibilities, including child care?)
Women who own their own businesses earn net profits that are only half as large as the net profits earned by men who own their own businesses. First, consider why women would be willing to accept lower profits. Could this reflect poorer options for women as employees? Alternatively, could it reflect other attributes of self-employment that women might fing more advantageous than do men? Then think about why women do earn lower profits. Is this evidence of discrimination? If so, by whom? If not, what else might account for the lower profits?
Why do you think we have laws that prohibit discrimination in pay based on sex or race but permit employers to discriminate in pay based on education or experience?
Describe why the US farm policy is failing. Why were the WTO 2005-6 meetings a failure. What were the main issues and reasons.
They could have rented it on the open marketplace for $700 per month. The condo owner was formerly renting the unit for $500 every month.
Find out the average total cost and average variable cost as a function of the level of output. Assuming the firm has the same cost curves in the long-run for q>0 and C (0) =0, how much will it produce in the long-run?
gap among the most highly skilled in the population and the least skilled will begin to fall in the near future.
A monopolist has a constant marginal also average price. Compute the monopolist's profit maximizing quantity, price also profit.
The economics student knows that profit maximizing manager will produce quantity where marginal revenue equals marginal cost
important sense the term strategy irrelevance proposition is misleading because if the rational expectations
As the marketplace is in equilibrium, the required returns of the two stocks should be the same.
Explain how could government make a choice among two health effects.
Explain how do you balance human suffering with the economic realities.
Now, assume the ECB also employs comparably aggressive policy. Copy your results from the left graph and show on the right graph how the ECB could affect the USD/EUR exchange rate.
As you start your research, you realize your company would make a significant profit from doing business in China.
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