Please read the Amazon & Google scenario. Suppose both Amazon and Google increased wages by 10 percent for their employees with PhD (other things equal). 20 percent of Amazon employees hold PhD degrees. 80 percent of Google employees hold PhD degrees. Which firm has a higher percent increase in the cost of employing PhD holders? a. Google b. Amazon and Google have the same percent increase in the cost of employing workers with PhD. c. None of the above d. Amazon QUESTION 20 Refer to the Amazon & Google scenario and fill in the blanks (Hint: what is the answer for question 19?). employers would have to increase their product prices by more than Since Google. output and employment would more in has a higher elasticity of demand. The own-wage elasticity of demand for a category of labor is high when the cost of employing the category of labor is a total costs of production. share of the a. Amazon, Google, fall, Amazon, large Ob. Amazon, Google, fall, Google, small c. Google, Amazon, rise, Google, large Od. Google, Amazon, fall, Google, large