Which of the following is not a reason for the wage differential between females and males?
a. The choice of major in college by females tends to be different than the choice by males.
b. The existence of employer prejudice leads to wage differential between males and females.
c. The number of males is usually greater than the number of females in the labor force.
d. Females bear the primary responsibility of childbearing.
e. Women accept lower wages for flexible and shorter working hours.
c
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Consider a market with inverse demand p = 100 – 2Q. Firms have no fixed cost and constant marginal cost c
a. Derive the firms' outputs and profits when this market is served by Cournot duopolists. b. How do outputs and profits vary with c? Specifically, use calculus to find the derivative of the output of each firm and profit of each firm with respect to c. c. Suppose the firm's also have a fixed cost of F in addition to the marginal cost c. How does F alter the best response functions and NE? Explain in words. (For technical reasons, assume that both firms still produce a positive level of output in equilibrium)
Jack just received a promotion at work and now works 50 hours per week instead of 35. As a result,
A) the unemployment rate increased. B) the unemployment rate decreased. C) the labor force participation rate increased. D) neither the unemployment rate nor the labor force participation rate changed.