Refer to the diagram and list of assumptions. Under these circumstances 9 million women will be employed in occupation Z:
(1) the labor force is comprised of 9 million men and 9 million women workers; (2) the economy has 3 occupations, X, Y, and Z, each having identical demand curves for labor; (3) men and women workers are homogeneous with respect to their labor-market capabilities; (4) women are discriminated against by being excluded from occupations X and Y and are confined to Z; and (5) aside from discrimination, the economy is competitive, and workers seek to maximize their earnings.
A. 5 million men in X, and 4 million men in Y.
B. 3 million men in X, and 6 million men in Y.
C. 6 million men in X, and 3 million men in Y.
D. and 4.5 million men each in occupations X and Y.
D. and 4.5 million men each in occupations X and Y.
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If price is determined as a multiple of costs, then a firm is using
A) cost plus pricing. B) product line extension pricing. C) peak-load pricing. D) marginal cost pricing.
The impact of an increase in the gasoline tax on sales of electric vehicles is
A. not an economic issue, but rather a political issue. B. a macroeconomics topic because it deals with taxes. C. a microeconomics topic because it deals with one industry. D. a normative issue and so it is not an economic topic.