Suppose years of schooling, s, is the only variable that affects earnings. The equations for the weekly salaries of male and female workers are given by: Wm= 500 + 100s and W₁ = 300 + 75s On average, men have 14 years of schooling and women have 12 years of schooling What is the male-female wage differential in the labor market?

2. Indicate whether the following statement(s) applies to microeconomics (Micro) or macroeconomics (Macro): a) A U.S. automobile manufacturing firm announced to hire 500 workers last month. (. b) The unemployment rate in the United States was 13.3 percent in March 2020. c) In 2011 an unexpected late spring frost after planting in southwestern Minnesota incurred additional costs to farmers as they replanted, although replanting payments are covered by insurance. (

11:14 Chegg Home Expert Q&A My solutions Student question 9. A firm in a competitive labor market sees an increase in wages. What happens to their level of capital and labor in the long-run? (For all answer increase, decrease, not applicable or ambiguous) a. The substitution effect will cause capital to ? b. The scale effect will cause capital to ? The total effect on capital d. The substitution effect will cause labor to _? e. The scale effect will cause labor to f. The total effect on labor 7 expert.chegg.com/qna/authoring/ : Time Left: 01:59:30 < 기 ? ? G م | 0 O 0 Vol) 1 LTE2 Tag the question → Step-by-step → Subject Economics Sub-subject 4G ll.ll 3 Search And Select ||| = @ Ť

Show full answers and steps to part a) b) & c)