1)Consider the crowding out model. Assume there are men and women in the labor force and...
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1)Consider the crowding out model. Assume there are men and women in the labor force and three occupations: preschool, elementary and secondary teachers. Suppose only women can work as elementary and secondary teachers (men are a segregated group who teach preschool). Suppose the market wage rate for elementary and secondary teachers is $25 per hour and the demand curve for elementary teachers is given by L=200-4*W and the demand curve for secondary teachers is given by L = 150-3*W. How many elementary and secondary teachers will be hired such that the market clears? Elementary School Teachers: Secondary School Teachers: 1)Consider the crowding out model. Assume there are men and women in the labor force and three occupations: preschool, elementary and secondary teachers. Suppose only women can work as elementary and secondary teachers (men are a segregated group who teach preschool). Suppose the market wage rate for elementary and secondary teachers is $25 per hour and the demand curve for elementary teachers is given by L=200-4*W and the demand curve for secondary teachers is given by L = 150-3*W. How many elementary and secondary teachers will be hired such that the market clears? Elementary School Teachers: Secondary School Teachers:
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Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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