Explain how compensating differentials could contribute to differences between the average wages of men and women.

Q: Answer the next question based on the information given in the following table. Total Workers…

A: Marginal revenue is the additional output produced by employing an additional unit of input with…

Q: In a perfectly competitive labor market, theoptimal hiring rule is to employ labor up to thepoint…

A: The labor force is the summation of employed workers and unemployed workers. Employed workers are…

Q: The demand for labor by a profit-maximizing firm is determined by: A. MPL = MC B. VMPL = MC C. MC =…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Tom and Jerry work for the Same company, but Tom earns evidence of wage discrimination? Explain-

A: Wage discrimination means paying someone less due to of their age,race, gender or religion.

Q: Draw a downward-sloping demand curve for labor and an upward-sloping supply curve of labor in a…

A: Labour demand and labour supply curve are very significant in the determination of real wage rate .…

Q: Discuss whether or not the trade unions and the government can do anything to increase the earnings…

A: Unskilled workers: It is utilized to allude to a section of the labor force related to a restricted…

Q: A school district received 750 applications for 10 new openings. What does this tell you about the…

A: Number of applications=750Number of openings=10From this,we can say that number of application is 75…

Q: In order to maximize profits, a firm needs to determine the quantity of each factor that it will…

A: The formula:Marginal product =Change in total productMPL(2)=32-24=8MRPL=MPL* priceMRPL(2)=8*3=24

Q: About what proportion of the variation of wages across workers is explained by factors that can be…

A: The wages are payments that the workers receive for their services. For permanent workers these…

Q: Explain how the market-compensating wage differential between safe jobs and risky jobs is…

A: Market-compensating wage differential can be easily determined using by supply labour analysis of…

Q: Quantity of Labor Number of Baseballs Per Day 1 100 240 360 4 440 500 39. Refer to Table. This table…

A: Marginal Product of third labour  (MP) = 360 - 240 =120

Q: Discrimination in the labour market The following table lists the name, height, and minimum wage 10…

A: They are the factor payment received for providing labor services. They are usually paid in…

Q: (i) Discuss the Hedonic Theory of Compensating Wage Differentials. (ii) To what extent is the main…

A: The Hedonic Theory of Compensating Wage Differentials explains the relationship between wages and…

Q: Analyze and elaborate the factors that lead to wage differentials between two different regions of a…

A: The economics as a study is based upon the idea that there is scarcity of resources in the economy.…

Q: “Many of the lowest-paid people in society—for example, short-order cooks—also have relatively poor…

A: No, the statement is wrong. The wage for occupations that have poor working conditions is low as the…

Q: What is a factor where a portion of a wage gap may not be the result of discrimination? Explain why…

A: Wage discrimination or pay discrimination occurs when workers having a similar skill set for their…

Q: Please explain impact of labor unions to the labor market with necessary graphs

A: In the labor market, relationship between real wage and unemployment level in the economy can be…

Q: Which of the following statements proves the existence of wage discrimination? a. Male prison…

A: find below the answer.

Q: Explain how decrease in non-labor income might affect the optimal labor supply decision? Use graphs.

A: The labor market explains the wage rate determination and the equilibrium units of labor in the…

Q: Consider each of the following and explain why it is or is not a valid instrument for estimating the…

A: An instrument is valid to estimate the labor supply elasticity if it shifts labor demand but not…

Q: Analyse the factors determining the wage rate in the labour market.

A: Wage rate is how much base compensation paid to a laborer for every unit of time (according to hour…

Q: What are some of the determinants regarding demand and supply of labor? Explain why the labor demand…

A: (Note: Only first three questions have been solved).    In economics, the firms demand factors or…

Q: Suggest solutions to the limitations of the Efficiency Wage Model

A: The efficiency wage theory proposes that raising wages will enhance labour productivity because…

Q: Suppose black and white workers are complements in that the marginal product of whites increases…

A: The inputs are said to be complements in the production of a good when two inputs are always used…

Q: or each of the scenarios in the following table, indicate the most likely reason for the difference…

A: There can be various reasons for difference in earning due to difference in efficiency or difference…

Q: Describe how the earnings gap between men and women has evolved in recent decades.

A: The gender pay gap is an identity used to measure the average difference in the wage that men and…

Q: What is meant by the terms “investment in human capital” and “compensating wage differences”? Use…

A: The wage differentials refer to the difference between wages received by different groups of…

Q: In general, different jobs pay different wages. One overarching reason is that different jobs have…

A: Answer -1  Compensation salary refers to the additional pay given to an employee in exchange for…

Q: hich of the following is the BEST example of monopsony employer? a.Hiring of book keepers by…

A: A monopsony happens when there is a sole or a predominant employer in a work market. This implies…

Q: Does a gap between the average earnings of men and women, or between whites and blacks, prove that…

A: In labour economics, discrimination is mainly associated with the employer and employee…

Q: Which of the following is a reason why some firms do not use commission pay?  It gives workers…

A: When a firm hires workers to produce output, it needs to give compensation to the workers for their…

Q: ion 12 An example of compensating differential is workers in a dynamite mine earning higher than…

A: Compensating DIfferential: When jobs requiring similar level of skills have similar level of…