Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Each employer faces competitive weekly wages of $1,600 for blacks and $2,400 for whites. Suppose employers undervalue the efforts/skills of blacks in the production process. In particular, every firm is associated with a discrimination coefficient d, (0 ≤ d ≤1), such that, although a firm's actual production function is q=10(Eb+Ew), the firm manager acts as if its production function is q=10(1−d)Eb+10Ew. Every firm sells its output at a constant price of $280 per unit up to a weekly total of 150 units of output. No firm can sell more than 150 units of output without reducing its price to $0.
a) What is the value of the marginal product of each black worker?
b) What is the value of the marginal product of each white worker?
c) Describe the employment decision, output level and profits made by firms for which d = 0.25 and d = 0.75 respectively.
d) For what value(s) of d is a firm willing to hire blacks and whites?
For the following sets of goods, draw two indifference curves(IC1 and IC2 where IC2 yields a higher level of utility than IC1). Draw each graph so that the quantity of the first good is on the horizonal axis and identify utility functions for part a)..
You form a partnership with your friend Al Gossett, named, AG limited to operate an on-line business selling hair-care products. AG contracts with RevaInc, a company in Florida to make and package the products based on their secret formula. What is ..
Home produced 450 bushels of pears also 1050 cellular phones. This year it produced 450 bushels of pears also 2000 cellular phone.
Milton Freedman, the champion of the Monetarists School of Economics, basically proved that it was monetary theory, changes in the money supply, that was the only way to affect the economy. Pump priming was false.
A monopolist operates in an industry where the demand curve is given by Q=1000-2p. The monopolist's constant marginal cost is 8 dollars. What is the monopolist's profit maximizing price? How much does the monopolist produce? What are its profits?
In the year 2000, a couple with two small children has combined salaries of $125,468; dividend and interest income of $2,666; and capital gains income of $8,540. Since they do not have substantial deductions, they plan on taking the standard deductio..
Construction contractors are the buyers of Portland cement, a key ingredient in concrete. Neither construction contractors nor their customers use much coal. Consider a supply and demand model of the wholesale gasoline market. If a tropical storm for..
Which type of industries would make the most use of short-range forecasts? Which would make the most use of medium-range forecasts? Which would make the most use of long-range forecasts? Why?
How will the money supply be affected by this transaction ? what is the ultimate change in deposits, loans, and reserves in the banking system? Explain in detail.
Why would the global campaign halt the spread of the imitated medicines. With the cost of innovation and the necessity to achieve economies of scale, the pharmaceutical industry is continuously re-organizing on a worldwide scale. Explain in detail.
Using your knowledge of utility and consumer behavior and the data below, show exactly how you would spend your income, on which goods and why. Be sure to calculate the MU/P for good X and good y, and then proceed. (20 pts) Q MU x MU y 1 90 150 2 84 ..
Elucidate how scarcity of resources influences this market and describe the choices stakeholders are forced to make.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd