LABOR ECONOMICS
8th Edition
ISBN: 9781260004724
Author: BORJAS
Publisher: RENT MCG
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Chapter 9, Problem 3P
To determine
Identify the type of discrimination.
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"Discuss the Implications of Employer Discrimination for the Hiring Decisions of the Firm."
What steps are taken when the supply of employees is predicted to be greater than demand?
After hiring the third emplyee, John was able to produce 110 units instead of 80 units without the third employee. The price of each unit is $10. What is the Marginal Revenue Product of the third employee.
$800
$1100
$3000
$1900
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- Give examples of possible employee benefitsarrow_forwardExplain the discrimination coefficient.arrow_forwardWhich of the following statements is not correct? a) Competitive markets tend to limit the impact of discrimination on wages. b) Differences in earnings of whites and blacks or men and women provide clear evidence of discrimination. c) Some differences in earnings are attributable to discrimination based on race, sex, or other factors. d) Profit-maximizing behavior can reduce discriminatory wage differentials.arrow_forward
- I need help with the last 3 parts (not part A).arrow_forwardReframe the theory of employment discrimination in light of behavior over time data.arrow_forwardAccording to the Economics Policy Institute (Mishel and Wolfe, 2019) CEO pay has grown 940% since 1978 while the compensation of the average worker has only risen 12%. While you can easily find sources that provide statistics that conflict with these numbers, you would be hard pressed to find any credible source that refutes the idea that the rate of pay of CEO’s and other upper-level managers has not dramatically increased relative to an organization’s lower-level employees in just about any 10 or more year period over the past 60 years. In the world of Adam Smith, the “invisible hand” of the free market capitalistic model would address inequities/out of balances. Are the forces represented by the “invisible hand” working? Why or why not? Is there an ethical dimension to the discussion of upper-level manager compensation? Why or why not? How does (or does it?) levels of pay of upper management impact the rest of us commoners?arrow_forward
- Assume firms differ in how much they dislike American workers. Suppose a firm has no distaste for Americans. In fact, it only hires American workers. According to our theory of employer discrimination, Question 1 options: The firm will be less profitable than other firms. The firm will have fewer employees. The firm will have higher costs. The firm will produce more output.arrow_forwardIf the price of a good increases, then in the market for the type of labor needed to produce this good, Group of answer choices employment will decrease. the labor supply will increase. the marginal product (MP) of labor will increase. the marginal revenue product (MRP) of labor will increasarrow_forwardQ38 In the Canadian labour market, demand for labour can be impacted by elasticity of the product in which labour is an input. What will the elasticity of factor demand be if unit wages rise by 5 percent and the number of employed workers falls by 9 percent? Multiple Choice 1.67. 0.56 1.80 2.36 3.00arrow_forward
- Wage differences can be explained by all of the following except: A) compensating differentials. B) differences in marginal revenue products. C) economic discrimination. D) comparable worth.arrow_forwardQuestion 26 of 30 Consider the labor market for electricians. The demand curve is downward sloping and the supply curve is upward sloping. In this market, however, there is a strong labor union. Assume that the electrician's union is able to negotiate a new contract that substantially raises their member's wages. Select the correct statement. Fewer people want to work as electricians as the union increases wage. Firms hire the same number of electricians at both wages. The wage increase is unambiguously beneficial for all the electricians working before the wage increase. O A consequer of the union negotiating a higher wage is fewer jobs for electricians. 8:25 PM 46°F 12/15/2021 aarrow_forwardExplain the arguments against discrimination in your own words.arrow_forward
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