The following table lists the name, gender (M = male, F = female), height, and r
ID: 1251613 • Letter: T
Question
The following table lists the name, gender (M = male, F = female), height, and reservation wage of 10 persons willing to work as firefighters in Timber Creek. (Note: The reservation wage is the lowest wage a person is willing to accept to work.)Name Gender Height
(Inches) Reservation Wage
(Dollars per week)
Akram M 68 400
Benjamin M 70 480
Catherine F 66 420
Dimitri M 65 460
Emily F 69 300
Fjorentina F 64 380
Grant M 72 340
Horacio M 67 440
Isabella F 63 320
Jin M 71 360
1.What is the lowest wage that Timber Creek must pay to hire five firefighters?
2.. Assuming that all firefighters must be at least 67 inches tall, how does this height restriction affect the wage the city must pay to attract five firefighters, and how does the restriction affect the gender composition of employment?
A. The wage rises by $60, and two more males are hired (two fewer females).
B. Neither the wage nor the gender composition of employment is affected.
C. The wage rises by $60, and one more male is hired (one less female).
D. The wage rises by $80, and one more male is hired (one less female).
E. The wage rises by $80, and two more males are hired (two fewer females).
Explanation / Answer
The following table lists the name, gender (M = male, F = female), height, and reservation wage of 10 persons willing to work as firefighters in Timber Creek. (Note: The reservation wage is the lowest wage a person is willing to accept to work.) Name Gender Height (Inches) Reservation Wage (Dollars per week) Akram M 68 400 Benjamin M 70 480 Catherine F 66 420 Dimitri M 65 460 Emily F 69 300 Fjorentina F 64 380 Grant M 72 340 Horacio M 67 440 Isabella F 63 320 Jin M 71 360 1.What is the lowest wage that Timber Creek must pay to hire five firefighters? $380/week (2m,3f) 2.. Assuming that all firefighters must be at least 67 inches tall, how does this height restriction affect the wage the city must pay to attract five firefighters, and how does the restriction affect the gender composition of employment? $440/wk, (4m,1f) 440-380=60 A. The wage rises by $60, and two more males are hired (two fewer females).
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