This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Figure 17-5 to answer the following questions. a. What is the equilibrium quantity of ... (Read 42 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
on: Jun 29, 2018
Refer to Figure 17-5 to answer the following questions.
 
  a. What is the equilibrium quantity of firefighters hired, and what is the equilibrium wage?
  b. What is the equilibrium quantity of paralegals hired, and what is the equilibrium wage?
  c. Explain why firefighters might earn a higher weekly wage than paralegals.
  d. Suppose that comparable worth legislation is passed, and the government requires that firefighters and paralegals be paid the same wage, 800 per week. Now how many firefighters will be hired and how many paralegals will be hired?

Question 2

Refer to Figure 26-6. In the figure above, if the economy is at point A, the appropriate monetary policy by the Federal Reserve would be to
 
  A) raise interest rates. B) raise income taxes.
  C) lower income taxes. D) lower interest rates.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

a. 8,000 firefighters at a wage of 1,000 per week.
b. 11,000 paralegals at a wage of 600 per week.
c. The marginal revenue product of the two types of work may differ. There may also be a compensating differential because the work of firefighters is more dangerous than the work of paralegals.
d. 6,000 firefighters and 9,000 paralegals.

Answer to Question 2

D


tuffie

  • Member
  • Posts: 534
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Figure of a Woman with a Drawing Showing Evidence of Original Painting and Outlining Design Scheme Figure of a Woman with a Drawing Showing Evidence of Original Painting and Outlining Design Scheme
Answer to Vector Question Pt. 1 Answer to Vector Question Pt. 1
The cube of insulating material shown in the figure has one corner at the origin. Each side of ... The cube of insulating material shown in the figure has one corner at the origin. Each side of ...
Punnett square of the dihybrid cross shown in Figure 3.8. There are two combinations of dominant and Punnett square of the dihybrid cross shown in Figure 3.8. There are two combinations of dominant and
Questions Questions
What is the total resistance of the circuit in Figure 1? 150 What is the total resistance of the circuit in Figure 1? 150
Video: Osteoporosis

For a complete list of videos, visit our video library