6. Assume people with blonde hair earn $5 less per hour than people with brown h
ID: 1105790 • Letter: 6
Question
6. Assume people with blonde hair earn $5 less per hour than people with brown hair. If a firm that employs 200 workers refuses to hire people with blonde hair because of employer-based discrimination, how much profit will it gain/lose in a day? (Assume there are & working hours in a day and that people with blonde and brown hair are equally productive). (1 pt) 8. Human capital: (1 pt. CHOOSE 1) A) refers to workers who do highly repetitive work, which requires little thought and creativity B) includes the equipment, tools, and computers that make workers more productive. C) includes the skills, knowledge, and experience that people obtain. D) refers to a worker in a capital intensive industry Which of the following statements is TRUE? (I pt. CHOOSE 1) L Statistical discrimination is based on ill will toward a group because of their race, sex, 9. nationality, or religion. IL. Statistical discrimination is judging people by the averages of the groups to which they belong III. As better ways of judging people develop, the merit of using statistical discrimination rises. A) I and IlI only B) II only C) I and II only D) I only 10. Which of the following statements is TRUE? (I pt. CHOOSE I) A) The market supply of labor is always upward sloping, but an individual's labor supply may not be upward sloping throughout its entire range. B) An individua's suply of upwardsloping, but the market supply of labor may not be upward sloping throughout its entire range. sloping. sloping across their entire range. C) Both the market supply of labor and the individual's labor supply will both be upward D) Both the market supply of labor and the individual's labor supply may not be upward than a receptionist because the job is 11. A firefighter is likely to earn (1 pt.)Explanation / Answer
6. Loss of firm in a day = $ 5 x 200 workers x 8 hours per day = $ 8000 as blonde hair workers get $ 5 less per hour than brown hair.
8. C) includes the skills, knowledge, and experience that people obtain.
Human capital is the skills, knowledge, and experience possessed by an individual which is viewed in terms of their value or cost to an organization.
9. Statistical discrimination is a type of inequality on the basis of stereotypes.
Answer is B) II only
10. B) An individual's supply of labor is always upward sloping, but the market supply of labor may not be upward sloping throughout its entire range.
Market supply of labor can become vertical over some part but individual labor supply curve is generally upward sloping.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.