Policymakers sometimes propose laws re3quiring firms to give workers certain fringe benefits, such as health insurance or paid parental leave. Let’s consider the effects of such a policy on the labor market.a.Suppose that a law required firms to give each worker $3 of fringe benefits for every hour that the worker is employed by the firm. How does this law affect the marginal profit that a firm earns from each worker at a given cash wage? How does the law affect the demand curve for labor? Draw your answer on a graph with the cash wage on the vertical axis.

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: 2. In the retail trade industry, unionized workers earn 19.0% more than non-unionized workers do. As…

A: A trade union is a membership-based organisation, which means that most of its members must be…

Q: Demand and Supply of Labor by Firm A Output MPL Scenario 2 No. of Workers W ME 0 0 1 20 20 250 250 2…

A: We have given cost and revenue scenario of a firm which is selling and its output and using the…

Q: On the following graph, use the green line (triangle symbol) to show the effect this employer…

A: Economic equilibrium is a condition or state where economic powers are adjusted. As a result,…

Q: Policymakers sometimes propose laws requiring firms to give workerscertain fringe benefits, such as…

A: Since multiple sub-parts are asked here, we will answer the first three parts for you. If you want…

Q: 4a. In the space to the right, draw a graph that shows a high demand for labor in industry X and a…

A: Disclaimer: Since you have asked multipart questions, we will solve the first three for you. If you…

Q: 6. The market wage rates for male and female workers are $25 and $10 per worker, respectively.…

A:

Q: Buppose the supply of players is given by the equation w- 50.000 + 10.000L nhere wis wages, Lis the…

A: Given information Supply curve of Labor W=50000+10000L MRP of labor or demand for labor…

Q: 5. Michael, Inc., a manufacturer of electric guitars, is a small firm with 50 employees. The table…

A: Wage is the compensation paid to an employee by the employer in exchange for his/her/their labor…

Q: 4. The graph below shows the efficient contracts and the contract curve. a. Explain the relationship…

A: Contract curve is the combination of all the pareto efficient points in an edgeworth box. It is the…

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: Children in poor neighborhoods have bleakoutlooks on life and do not see much gain to studying. A…

A: Poor people do not have much money due to which they are not able to fulfill the daily needs in…

Q: Discuss how the concept of incentives and negative incentives can be used to improve performance of…

A: Positive incentives and Negative incentives: Positive incentives are the rewards offered to induce…

Q: What is the pront hiring workers whose wages exceed the added production? WHat wages are value of…

A: At market  equilibrium demand and supply are  equal at certain wage rate. And minimum wage rate is…

Q: a) What are the effects of the minimum wage in the perfect labor market? Draw a diagram and explain…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: (a) Suppose there are two pizza restaurants, CoCo Pizza and RunRun Pizza. If GoGo Pizza…

A: RunRun pizza In the above diagram, RunRun pizza does not discriminate between black employees and…

Q: Suppose that there is an excess supply of economics professors. Should universities necessarily…

A: Answer a) The surplus market supply of professors indicated by E'P wages brings excess labor in the…

Q: The Zippy Paper Company has no control over either the price of paper or the wage it pays…

A: Marginal revenue product is the marginal revenue gained from employing one more unit of input. It is…

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: 1)  Explain how market forces might give a business an incentive to act in a less discriminatory…

A: A business can practice discrimination in many ways. It can be gender discrimination or racial…

Q: Use the data in Table: Larry's Lawn Mowing to answer the question. Table: Larry's Lawn Mowing (price…

A: The marginal product of labor denotes the additional output that a firm is able to produce by…

Q: Demand and Supply of Labor by Firm A Output MPL MRPL Scenario 1 Scenario 2 No. of Workers MR=20 W =…

A: Perfectly competitive markets are referred to the markets where all the firm sells an identical…

Q: Suppose that you have the following information about the market for players on your team: Supply:…

A: The market equilibrium(E) refers to a situation where the quantity demanded(QD) equals quantity…

Q: You are HR di. ector for a growing law firm in Tampa, Florida, which cu."ently has need of writing…

A: We are considering hiring four paralegals to shoulder the load; each pa alegal is a bit slower than…

Q: If the market value of the output of the last worker hired by a firm (VMPL) is higher than the wage…

A: If the market value of the output of the last worker hired by a firm (VMPL) is higher than the wage…

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: 1. A competitive, profit-maximizing firm will choose to hire workers up to the point where the value…

A: A competitive firm has to make cost and revenue decision to maximize the benefit from making…

Q: 160 Мarginal Factor Cost Ayddng 88 76 64 52 34 Marginal Revenue Product 16 30 60 80 100 120 140 160…

A: a. The wage rate is given to be $34 in the economy. From the given diagram, the quantity of loggers…

Q: Suppose the following table gives the quantity of labor, offered wage, and marginal revenue product…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: There are 100 workers. In 2084, after decades of complaining about low wages, the programmers at…

A: Unions are formed by laborers to protect the interest of the laborers against the decisions of the…

Q: Policymakers sometimes propose laws requiringfirms to give workers certain fringe benefits, such…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: 2) How many employees will the following firm use? This is a perfectly competitive market with a…

A: Given: Price = $3 Wage= $30 per labor MPL = Change in output / Change in workers MRP = Price * MPL

Q: Walmart, the country's largest retailer by revenue, has long been known for paying its truck drivers…

A: A wage is a sum of money paid by an employer to an employee for work completed over a certain period…

Q: suppose Fred produces 500 litres of milk every day with 10 workers. the price of milk is $12 per…

A: Given  Price of milk = $12 Rach worker get wage  w = $550 Margin product of the last worker employed…