12. If an employee suffers intense harassment and quits because of it, there is said to be: O a. harassment O b. constructive discharge O cisparate treatment O d. retaliation 13. If an employment rule which on its face is neutral, has the effect of causing illegal discrimination, there is said to be a disparate impact. O a. True O b. False
Q: Assuming working at home gives you a wage of $100, what would your wage be working in the cubicle…
A: Consumers' preferences for bundles of commodities or services are measured by the utility function.…
Q: L. Thea Greene is a police officer whose standard work week is 40 hours. She is paid $7.80 each…
A: The wage is the money paid to the labor which is one of the factor of production used to produce the…
Q: As a part of their benefits program, Lonny's Grocery Store offers its employees a PTO package that…
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…
Q: Which of the following statements is true? O a. A college degree does not influence the earnings of…
A: The correct option is The median pay of economics majors increased more in dollar terms than any…
Q: 00 5 96 Discrimination can cause a vicious circle because O firms then become dependent on underpaid…
A: The terms virtuous circle and vicious circle refer to complicated chains of events that reinforce…
Q: 16) If labour market discrimination crowds women into a limited number of occupations so that the…
A: Given : Discrimination in the labor market crowds the women into a limited occupations options, this…
Q: 1. Suppose Maeby Bluth's wage-schooling locus is given by: Years of Schooling Earnings $18,500…
A: A rate of return is the net gain or loss on an investment over a specified time period expressed as…
Q: According to the data above, cyclical unemployment is 0% O A. Ò B. 2.38% OC. O C. 5.55% 6.25% O D.
A: The unemployed is the number of people which would result in the number of people unemployed to the…
Q: Complete the following labor supply table for a firm hiring labor competitively: Show graphically…
A: The labor supply curve represents the units of workers who are willing and able to work at different…
Q: a. When a worker's ability is perfectly observable, how many high-ability and low-ability workers…
A: In any form of market, equilibrium will occur at the point of intersection of the demand and the…
Q: In 2020 in the United States, only about 10.8% of all workers belonged to a labor union. If union…
A: Labor union: - it is an organized association of workers which workes for the welfare of workers. It…
Q: ASsume the labor force is made up of 40% women and 60% men. If 40% of all manufacturing jobs are…
A: When one demographic group is highly represented or underserved in distinct types of employment or…
Q: A current debate in education is whether teachersshould be paid on a standard pay scale based…
A: Hey, Thank you for the question. According to our policy we can only answer up to 3 sub parts per…
Q: 1. What is a demand side reason for a decrease in the male labor force participation rate? Pick the…
A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…
Q: Im confused on what is being asked in these two models
A: The different occupation will indeed have different pay. This is because the requirements of…
Q: Explaining the college premium in the 1970s: As shown in Figure 7.8, the col-lege wage premium…
A: The more educated workers earn higher salaries or wages. A college premium or education premium…
Q: A profit-maximizing firm will continue to hire workers until O A. the marginal product equals the…
A: Marginal Product(MP) is an extra output by adding a one unit of input in the existing factors. Wage…
Q: a. Companies that engage in workplace discrimination are likely to have lower profits when they…
A: [1] Companies that engage in workplace discrimination are likely to have lower profits when they…
Q: In the model of statistical discrimination in which both groups have the same average productivity,…
A: The model of statistical discrimination is the economic concept that defines a specific behavior of…
Q: d) lom and Jerry work For the Same company, but Tom earns more than Jerny Is this evidence of wage…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Giving each firm that hires one or more welfare workers a payment of $1,000 per year, irrespective…
A: A firm demands labor up to the point where the revenue generated exceeds the cost, i.e where the…
Q: Even in the absence of collective bargaining, workers do have some bargaining power that allows them…
A: Bargaining with an enterprise has evolved over a period of time and has developed into a full-blown…
Q: Efficiency wages exist when wages are... O a. Such that cyclical unemployment is zero. O b. Just…
A: Answer: d (High enough above market levels that workers increase their productivity) Explanation:…
Q: In the same model of the labour market as in the previous question, Select one or more: O a. A rise…
A: Labor market is driven by two forces which are labor supply and labor demand which helps to…
Q: Wr = 300 + 75s ve 14 years of schooling and women have 13 years of schooling. average male-female…
A: *Answer:
Q: When a firm provides specific training, what happens to the gap between the post-training wage and…
A: The marginal product or marginal physical productivity of an input (factor of production) in…
Q: Explain what the Gino ratio measures and what it means b. If US has a Gini ratio of 0.484 and…
A: A statistical indicator of an economic disparity within a population is the Gini coefficient (Gini…
Q: Frictional unemployment may be economically beneficial if: Select one: O a. its psychological costs…
A: Unemployment is a situation in which persons who are able, willing and looking for jobs are unable…
Q: QUESTION 2 The first, second, and third workers employed by a firm add 24, 18, and 9 units to total…
A: Total Product is the total amount of goods and service produced in a firm with the given number of…
Q: 1. Workers choose whether to work in a risky or in a safe job. Suppose there are 100 workers in the…
A: Question 1 Wage differential is a term used in labour economics to describe the relationship between…
Q: specify what types of discrimination is/are explained in the case study regarding the formal…
A: Here Alice was hired last year as a first-line manager in the Training and Development department…
Q: QUESTION 3 Refer to the data. If the price of output is $15, and the labor's wage is $225, the…
A: Firm hires optimal no. Of labor where wage = value of marginal product of labor. Where VMPL = price…
Q: l.C<ldbelly Co. sells pencils in a perfectly competitiveproduct market and hires workers in a…
A: Perfect competition refers to the situation where there are large number of prouder and consumers…
Q: Calculate the change in the share of employment by education levels between January 1992 and January…
A: The percentage change can be calculated by:
Q: When talking about compensating wage differentials and the market for risky jobs, we assume that the…
A: Compensating wage differentials refer to higher wages that are required to be offered to the labor…
Q: Most economists believe that only part of the gap between the wages of white males and the wages of…
A: Note: We will answer the first question as the exact one was not specified. Please resubmit a new…
Q: Figure 3.2 Wage Rate ($ per day) 15- 10 5- Quantity of Labor $15; 30 workers 5; 30 workers 30 $5; 20…
A: The above graph shows labor market that determines equilibrium wage rate and number of workers…
Q: 6. Real wages, nominal wages, and unexpected changes in the pricelevel No minal /Real Cho's paycheck…
A: Nominal wage is the wage which is calculated without the inflation adjustment.
Q: Suppose that education is the only factor that affects productivity and that an additional year of…
A: Wage discrimination: Pay discrimination occurs when someone is paid less due to their gender, color,…
Q: In general, the duration of job search will be shorter if O it is more costly to obtain job-search…
A: Unemployment is a major concern in most developing economies because it affects toe overall growth…
Q: 6. The market wage rates for male and female workers are $25 and $10 per worker, respectively. 1…
A: Formula to be used: Profit = Price×Quantity - the cost of employing Profit = P×Q - wf×F - wm×M…
Q: Imagine that the wage-schooling locus is given by w(s)=s^(1/3). What will be the optimal level of…
A: Wage Schooling Locus refers to the various combinations of salary earned by an employee at varied…
Q: Question 4 The three basic arguments that support employment at will include all of the following…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: Referring to the table above, construct Jenni's labor demand schedule at each of the following daily…
A: The value of marginal product measures the revenue contributed by the last product or unit of a…
Q: 8 1. In what sense is education a type of capital? 2. What conditions lead to highly…
A: Note: You have uploaded multiple and unrelated questions. Hence, we shall answer only the first one…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 22 Suppose there is a negative compensating differential for risk (i.e., the riskier the job is, the less it pays). a) Under what economic behavior or condition would this make sense? b) Draw the indifference curves for the above scenario in a carefully labeled risk-wage diagram.Derive the utility function of a worker who is aiming to maximize his utility in the market for risky jobs. Explain and illustrate graphically how this worker will be making his choice among different alternatives of risk/wage combinations.There are 50 workers in the economy in which all workers must choose to work a safe or a risky job. When it comes to accepting a risky job, Worker 1’s reservation price is $5; worker 2’s reservation price is $6, worker 3's reservation wage is $7, and so on. Assume there are exactly 12 risky jobs. (a) What is the equilibrium wage differential between safe and risky jobs? Which workers will be employed at the risky firm? (b) Suppose now that an advertising campaign, paid for by the employers who offer risky jobs, stresses the excitement associated with “the thrill of injury,” and this campaign changes the attitudes of the work force toward being employed in a risky job. Worker 1 now has a reservation price of $1, worker 2’s reservation price is $2, and so on. There are still only 12 risky jobs. What is the new equilibrium wage differential? c) What is the maximum the firm should be willing to pay for its ad campaign?
- 14.ASsume the labor force is made up of 40% women and 60% men. If 40% of all manufacturing jobsare held by women and 90% of the highest-paying management and executive level jobs inManufatacturing are held by men, then, with respect to the manufacturing sector, it can be said that: multiple choiceO.a. there is no horizontal occupational segregation but there is vertical occupational segregation. O.b. there is both horizontal and vertical occupational segregation.O.c. there is no sex-based discrimination in entry-level By solving it for 'r' through hit and trial method, the required interest rate can be found.positions but there is sex-based discriminationin management level positions.O.d. there is no sex-based discrimination in management positions but there is sex-baseddiscrimination in executive level positions.No written by hand solution 2. Fringe benefits: a. As you might have suspected, employee nonwage (fringe) benefits make up a much larger percentage of labor costs in the United States today than they did a few generations ago (refer to Table 3.1 in the textbook). Fringe benefits as a form of labor compensation is also very unique to the U.S. and other developed nations. Do you think that the growing fringe benefit share of labor costs has made the level of employment more responsive or less responsive to changes in labor demand over the ups and downs in the overall economy? In other words, has it given the employers of labor more or less flexibility as they try to adapt to continuously changing economic conditions?assume there are two types of workers, low- and high-ability, andlet 0 = 0.25 be the proportion of high-ability workers in the population. Assume their marginalproductivity and, therefore, their wages are wh = $20 and wl = $16, and that both types canuse college education to signal high ability. The cost of college education for low-ability workersis cl = $5 whereas the cost for high-ability workers is ch = $2. Consider the wage for both types of workers and the high-ability workers’ college cost, ch. For which values of 0 (the proportion of high-ability workers in the population) do the high-ability workers prefer the separating equilibrium over the pooling equilibrium? (a) Any 0 > 1/2(b) Any 0 < 1/2 (c) Any 0 < 3/4(d) Only when 0 = 1
- 3 Imagine that the wage-schooling locus is given by w(s)=s^(1/3). What will be the optimal level of education for an individual to take if next period’s earnings in any given time are worth 95% of current earnings for that individual? ---- HINT: the answer is s=20/57. I need step by step solutionA current debate in education is whether teachersshould be paid on a standard pay scale based solelyupon their years of training and teaching experience,or whether part of their salary should be based upontheir performance (called “merit pay”).a. Why might merit pay be desirable?b. Who might be opposed to a system of merit pay?c. What is a potential challenge of merit pay?d. A related issue: Why might a school district decideto pay teachers significantly more than the salariesoffered by surrounding districts?Q) Suppose that utility for a worker is u(w)=w^.5. If the wage (w) offered is $64, there is a 50% chance of being fired, and switching costs are $28. What is the expected utility for the worker? Explain it early
- Suppose there are 100 workers in the economy in which all workers must choose to work a risky or a safe job. Worker 1’s reservation price for accepting the risky job is $1; worker 2’s reservation price is $2; and so on. Because of technological reasons, there are only 10 risky jobs.a. What is the equilibrium wage differential between safe and risky jobs? Which workers will be employed at the risky firm?b. Suppose now that an advertising campaign paid for by the employers who offer risky jobs stresses the excitement associated with “the thrill of injury,” and this campaign changes the attitudes of the workforce toward being employed in a risky job.Worker 1 now has a reservation price of $10 (that is, she is willing to pay $10 for the right to work in the risky job); worker 2’s reservation price is $9; and so on. There are still only 10 risky jobs. What is the new equilibrium wage differential?Follow-up questions. d. Let D be the difference in marginal product between an experienced worker and a new worker (MPe − MPn). Suppose that robust, experienced workers would prefer not to pool with sickly workers at their firm, and so they seek out a new job with an employer who does not offer health insurance. What will be the wage of the robust worker at the new job during the first year there? Keep in mind, these workers will no longer be experienced because they will be adapting to a new firm. Under what conditions will it make financial sense for the robust worker to change jobs? Your answer should be an inequality that includes D, θ, Vr, and Vs. e. D is a measure of job-specific human capital; as workers learn the job, they become more productive so D > 0. However, not every job or industry has the same value for D. In some lines of work D is low, while in others D is high, simply because of the nature of the work. Given the results, you have seen in this problem, in which…Fringe benefits:a. As you might have suspected, employee nonwage (fringe) benefits make up a muchlarger percentage of labor costs in the United States today than they did a few generationsago (refer to Table 3.1 in the textbook). Fringe benefits as a form of labor compensationis also very unique to the U.S. and other developed nations. Do you think that thegrowing fringe benefit share of labor costs has made the level of employment moreresponsive or less responsive to changes in labor demand over the ups and downs in theoverall economy? In other words, has it given the employers of labor more or lessflexibility as they try to adapt to continuously changing economic conditions?