Enforce anti-discrimination policies

Assignment Help Business Economics
Reference no: EM131101422

Draw simple labor supply and demand graphs for the occupations of school teachers and plumbers to show the labor market in each profession. Assume that some workers prefer to clean drains for a living, and some prefer to teach children, but that all will change occupations if the wages are high enough.

Now assume that men face discrimination that prevents them from becoming teachers; show and explain the effect of this discrimination on wages and labor supply in both occupations graphically and in your own words.

Show the reduction in output from discrimination. Show the economic gains from eliminating discrimination. With such gains, why has it been so difficult to enact and enforce anti-discrimination policies?

Reference no: EM131101422

Questions Cloud

Find the function giving the value of the account : An account earning 8% interest, compounded annually, is opened, and a deposit of $1000 is made into the account. Find the function giving the value of the account A in terms of the number of years the account has been open, t.
Calculator company produces scientific calculator : A calculator company produces a scientific calculator and a graphing calculator. Because of limitations on production capacity, no more than 220 scientific and 180 graphing calculators can be made daily. To satisfy a shipping contract, a total of at ..
Make decorative stones for landscaping : You make decorative stones for landscaping. A ton of coarse stones requires 2 hours of crushing, 5 hours of sifting, and 8 hours of drying. A ton of fine stones requires 6 hours of crushing, 3 hours of sifting, and 2 hours of drying. The coarse stone..
Explain the effect of the increased minimum wage : The government introduces a new regulation which raises minimum wages of a bakery’s workers. Assuming that the market for bakeries is perfectly competitive, explain the effect of the increased minimum wage on an individual bakery average fixed cost, ..
Enforce anti-discrimination policies : Draw simple labor supply and demand graphs for the occupations of school teachers and plumbers to show the labor market in each profession.  Show the reduction in output from discrimination. Show the economic gains from eliminating discrimination. Wi..
Federal laws governing compensation raise important issues : Federal laws governing compensation raise important issues for both employers and employees.
What would be the effective rate of protection : What would be the effective rate of protection on bicycles in China if China places a 50 percent tariff on bicycles, which have a world price of $200, and no tariff on bike components, which together have a world price of $100?
The foreign exchange market and the money market : The foreign exchange market and the money market (the market in which you can borrow or lend in USD or Euro) are very efficient: so there is no room for arbitrage. The spot exchange rate between USD and Euro as of today is $0.9/Euro. The one-year int..
Difficult to enact and enforce anti-discrimination policies : Draw simple labor supply and demand graphs for the occupations of school teachers and plumbers to show the labor market in each profession. Show the reduction in output from discrimination. Show the economic gains from eliminating discrimination. Wit..

Reviews

Write a Review

Business Economics Questions & Answers

  The manager is in a short-run or long-run situation

For each of the following decisions determine whether the manager is in a short-run or long-run situation.

  Calculate consumer surplus and hlps profit with that price

In Houston, Texas, there are 10 household each with a demand for electricity of Q = 60 – P. Houston Lighting and Power's (HLP) cost of producing electricity is. If the regulators of HLP want to make sure that there is no deadweight loss in this marke..

  Definition of the consumer price index

Which of the following is the definition of the Consumer Price Index (CPI)?

  Retained earnings amount on this years balance sheet

Bigco’s balance sheet one year ago indicated retained earnings of $448.7million. This year, Bigco’s net income was $36 million. It paid its preferred shareholders a dividend of $5.4 million and its common shareholders a regular dividend of $5.7 milli..

  Calculate the profit of the monopolist

A one-price monopolist faces a demand of P = 107 – 0.015Q and has a total cost function C(Q) = 5000ln(Q) + 30Q. Calculate the profit of the monopolist. Prove that regulating the monopoly to produce with no deadweight loss will drive them out of busin..

  First-time homebuyers creditin 2009 as well as 2010 the us

first-time homebuyers creditin 2009 as well as 2010 the us government instituted a program where all first-time

  Q1 the lojack car recovery system allows the police to

q1. the lojack car recovery system allows the police to track stolen cars. as a result they not only recover 90 percent

  Suppose the market for lemonade is competitive market

Suppose the market for lemonade is a competitive market. The prevailing market price is $10. A typical seller in the market has a cost function of: C = q3 - 6q2 + l0q + 100. Find its profit-maximizing output level. Calculate her profit. What is the l..

  Assume your parking lot has two different consumers

Assume your parking lot has two different consumers who utilize it at two different times.

  Either plant or market/consume his crop

Consider a farmer who can either plant or market/consume his crop. Whatever amount he plants becomes a crop twice the size the following year. For example, if he plants seed from 2 ears of corn, he gets 4 ears of corn at harvest. Assume he starts off..

  What is interpretation of random choice for individual DM

Due to McFadden Economists usually interpret Random Choice, in the population sense, as each DM being drawn from the probabilistic choice rule independently and identically. However, Psychologist has maintained that individual DM is actually stochast..

  What are the pros and cons of bigness

Can firm losing money go out of business in the short run? If it can’t, explain why not. On what basis does a firm decide whether or not to shut down? On what basis does it decide whether or not to go out of business? If the perfect competitor is los..

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd