Illustrate what is the marginal product each black worker

Assignment Help Business Economics
Reference no: EM1347486

Each employer faces competitive weekly wages of $2,000 for whites and $1,400 for blacks. Suppose employers under-value the efforts/skills of blacks in the production process. In particular, every firm is associated with a discrimination coefficient, d where 0 ≤ d ≤ 1. In particular, although a firm's actual production function is Q = 10(EW + EB), the firm manager acts as if its production function is Q = 10EW + 10(1 - d)EB. Every firm sells its output at a constant price of $240 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 (true) value of the marginal product of each white worker?

(b) Illustrate what is the (true) value of the marginal product of each black worker?

(c) Discuss the employment decision made by firms for which d = 0.2 and d = 0.8 respectively.

(d) For what value(s) of d is a firm willing to hire blacks and whites?

Reference no: EM1347486

Questions Cloud

Java application to permit user to enter ten numbers : Write down Java application which permits a user to enter 10 numbers (double precision) into the array and then sorts and displays numbers from lowest to highest.
Question on breakeven sales : Use the contribution margin ratio CVP formula to compute Peyton Travel's break-even sales in dollars. If the average sales price of a ticket is $600.00; how many tickets must be sold to reach break-even?
Explain about proprietary theory : Determine the income under each of the following equity theories - Proprietary theory
What is the new rotation velocity of the system : A diverging lens (f = -12 cm) is located 20.0 cm to the left of a converging lens (f = 34.5 cm). A 3.00 cm tall object stands to the left of the diverging lens, exactly at its focal point.
Illustrate what is the marginal product each black worker : Illustrate what is the (true) value of the marginal product of each black worker. Discuss the employment decision made by firms for which d = 0.2 and d = 0.8 respectively.
Houston armadillos cost volume profit and graph : The Houston Armadillos, the minor-league baseball team, play their weekly games in small stadium just outside Houston. The stadium holds 10,000 people and tickets sell for $10 each.
What maximum vertical height will the pendulum rise : A 38 g bullet is fired with a speed of 180 m/s into a 5 kg sandbag pendulum that is free to swing. To what maximum vertical height will the pendulum rise.
Design flowchart and pseudo-code for application : You will design a flowchart and pseudo-code for the application given below. Program will accept user input to store student's first and last name. If name is ZZZ, then the program will end.
What is the current value of the firm : What is the current value of the firm and what is the ex-dividend price of Novis's stock if the board follows its current policy?

Reviews

Write a Review

Business Economics Questions & Answers

  Minimum rate of return she needs to earn

If Anne is planning to invest her loan in an asset which she hopes to turn a profit on, Illustrate what is the minimum rate of return she needs to earn.

  Simple regression analysis

Briefly explain the meaning of f test why do you think this test is considered to be more important in multiple regression analysis than it is in simple regression analysis.

  What would the supply of labor curve which look like

What would the supply of labor curve which look like over this range of wages.

  Illustrate what most such asly cause production possibility

Illustrate what most such asly cause the production possibility curve for vcrs also food to shift outward.

  Technology improvement is expected in future machines

If the firm needs the service of these machines for an indefinite period also no technology improvement is expected in future machines.

  Elucidate why it is often claimed that hospitals compete

Elucidate why it is often claimed that hospitals compete for doctors rather than patients. What are some of the implications of this phenomenon.

  Nation whose interest rate is rising more rapidly

A nation whose interest rate is rising more rapidly than interest rates in other nations can expect the international value of its currency to appreciate.

  Camera shop has exhausted

In a current newspaper article you also read that The Camera Shop has exhausted its undertaking capital and that no new investors

  Global studios are thinking of producing a mega film

Global studios are thinking of producing a mega film, Aqua world, which could be a mega hit or a mega flop.

  John paisley is planning to buy a house

John Paisley is planning to buy a house for $100,000 by borrowing money at the rate of 9%.

  Federal income tax code for the united states

Make sure that you consider two cases. In the first case, the consumer does not pay any tax before x is reduced, and in the second case, the consumer pays a positive tax before x is reduced.

  What is the product maximizing level of output

Illustrate what is the product maximizing level of output for this producer. Will the producer make a positive profit at this level of output.

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