Consider a Workforce Made Up of Equally Productive,qualified Female and Male

question 127

Multiple Choice

Consider a workforce made up of equally productive,qualified female and male workers.The female workers are paid $10 per hour and the male workers are paid $15 per hour.
-Refer to the information above.If a firm hiring only female workers is making a profit,it will want to increase output and hire more female workers.This will increase the demand for female workers and increase the wage rate for these workers.An equilibrium will be established where female workers are being paid ______ wage rate compared to that being paid to the male workers.An employer wanting to hire only male workers will now have to pay a wage rate _____________ per hour.

• A) a higher;less than $10
• B) the same;equal to $15
• C) the same;less than $15
• D) the same;greater than $15
• E) a lower;equal to $10

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Definitions:

Nonprogrammed Problem

An unpredictable or unique problem that requires a custom-tailored solution.

Problem-Solving Alternatives

Different options or strategies considered when seeking to resolve an issue or challenge.

Uncertainty

A state where the outcome of an event is unknown or unpredictable, often leading to ambiguity or lack of clarity.

Classical Decision Model

A theoretical model suggesting that decision-making is a rational process where the best choice is made based on a thorough analysis of alternatives and their outcomes.