Use the following to answer question(s) : Discrimination Model
-(Exhibit: Discrimination Model) If blacks and whites have the same supply curve, but employers have discriminatory attitudes that cause them to assume a black worker is less productive, the wage of whites will be _______ , the quantity of whites hired will be ________ , the wage of blacks will be _______ , and the quantity of blacks hired will be ________ .
Definitions:
Wage Contract
An agreement between an employer and an employee that stipulates the terms of employment, including pay rate and job responsibilities.
Variable Costs Per Unit
Costs that vary with the level of production or sales volume, calculated on a per-unit basis.
Fixed Costs
Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance, remaining constant no matter the level of output.
Equipment Purchase
The act of acquiring capital equipment for business use, often involving a significant investment.
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