In Y In Y" = Xu D In y In Y=,X In Y X, X Productive characteristics, X Consider the Oaxaca framework for the decomposition of the wage gap between two groups of workers. In figure SB 12-2, the portion of the wage gap that is attributed to pre-market characteristics is: The distance between B and C slujuea Sog
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- Does the earnings gap between the average wages of females and the average wages of males prove labor market discrimination? Why or why not?S n abus tions Dashboard or Education The figures given below show the demand (D)and supply (S) curves of labor in two different markets. Figure 16.3 Wage Rate 18 12 Market A S Q₁ Quantity (Hours) Wage Rate 27 D 18 12 #tv Market B Q₁ D Which of the following is a reason for the wage differential shown in Figure 16.3? Quantity (Hours) O Market A represents the market for a risky occupation. O Working conditions offered by the firms in Market B are uncongenial. O The workers in Market B are unionized whereas the workers in Market A are not. O Market B hires a larger number of skilled workers than Market A. O The workers in Market B are more productive than the workers in Market A. AQ Daydreamer AaPaying soldiers more who are in combat zones is an example of? O wage discrimination O compensating differentials O human capital effect O segmented market effect.
- l.C<ldbelly Co. sells pencils in a perfectly competitiveproduct market and hires workers in a perfectly competitivelabor matkct. Assume that the market \\'age rate forworkers is $150 per day.a. What rule should Lead belly follow to hire theprofit-maximizing amount of Labor?b. At the profit-maximizing level of output, the marginalproduct of the last worker hired is 30 boxesof pencils per day. Calculate the p rice of a box ofpencils.c. Uraw a diagram of the labor market for pencil workers(as in Figure 4 of this chapter) next to a diagramof the labor supply and demand for Lcadbelly Co. (asin Figure 3). Label the equilibrium wage and quantityof labor for both the market and the firm. H0\\1 arethese diagrams related?d. Suppose some pencil workers switch to jobs in thegrowing computer industry. On the side-by--sidediagrams fmm part (c), show how this changeaffects the equilibrium wage and quantity of Laborfor both the pencil market and lor Leadbelly. Howdocs this change affect the…For any given job, how do the economy-wide labour market conditions affect aworker’s bargaining power? Explain which labour market variable you would look at toassess labour market conditions.how does equilibrium in a labour market with a monopsony employer change if a minimum wage is set at a competitive level. show using diagrams Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate.
- Ritholtz references a research paper thatexamined 38 states and regions from 1979to 2016. This research indicated a 7%increase in pay gain, with virtually nochange in the overall number of low-wagejobs. What two challenges to the findings ofthis research does Ritholtz point out?Question 4Andrea Mowry is a knitwear designer, and she has a firm DreaReneeKnits. She uses knittersas labour and only uses one variable cost – yarn – and one fixed cost – the price of knittingneedles. She pays R100 for a knitter, R50 for yarn and R100 for knitting needles. Use thisinformation to complete the table values askes and questions below.Labour TP MP AP TFC TVC TC ATC MC0 0 - - 100 0 100 - -1 2 2 2 100 150 250 125 1502 5 (a) 2.5 100 300 (d) (e) 66.673 9 4 3 100 450 550 61.11 (f)4 12 3 (b) 100 (c) 700 58.33 505 14 2 2.8 100 750 850 60.71 75 a. Complete values a-f.b. Using to the law of diminishing returns, place the concepts in order in which theyreach their turning points: average product, total product, marginal product. c. In the example above, at what value does average total cost and marginal cost…If employers are profit-maximizers, then O competition will always eventually eliminate employment discrimination. O employment discrimination may persist if consumers discriminate. O employment discrimination will persist because it is always profitable. O compensating differentials carinot exist.
- Will discriminatory wage differentials persist or are they temporary? OA. If discrimination is due to government laws or the preferences of consumers, then the wage differentials will be permanent for as long as those laws or preferences persist. OB. If discrimination is due to government laws or the preferences of consumers, then the wage differentials will be temporary OC. If discrimination is due to government laws, then the wage differentials will be temporary. If discrimination is due to the preferences of consumers, then the wage differentials will be permanent for as long as those preferences persist. OD. If discrimination is due to government laws, then the wage differentials will be permanent for as long as those laws persist. If discrimination is due to the preferences of consumers, then the wage differentials will be temporary.3.3 W W₁ Given the figure below, answer the questions in the table. O MWC 9₂ 9 9₂ Quantity of sabor 5,- AWC DMRP-VMP Questions/ statements 1. Name the labour market that is represented in the figure above The SL curve is upward sloping, since it represents the entire market (True/ False) 2. 3. The MWC (rises/falls) more rapidly as this is the only firm hiring 4. What is the hiring rule for this market? 5. Suppose this is a perfectly competitive market, at which point would they hire? 6. Where does efficiency loss occur? 7. Where does society loss occur? 8. The MWC is more (elastic/inelastic) than the SL Answers (8)00 5 96 Discrimination can cause a vicious circle because O firms then become dependent on underpaid workers. once an illegal activity is done, it is easier to keep committing it. O employees learn to discriminate from their bosses. O the lack of high wages reduces the incentives to invest in human capital. Topic 2 (1).docx Topic 2 (2).doCx D Unit 7-Chapter 1..xlsx Unit 7- Chapter 1...xlsx 73°F %23 SU prt sc delete 144 AA backspace -> 6 7. D. () H.