Question: Use the following graphs to answer the questions. a. What is the equilibrium quantity of trash collectors hired, and what is the equilibrium wage? b.

Use the following graphs to answer the questions.

Market for trash collectors Wage (dollars per Supply of trash collectors week) $900 800 700 600 ....*... 500 400 300 Dem

Market for receptionists Wage (dollars per week) $900 Supply of receptionists 800 700 600 500 400 300 200 Demand for 100

a. What is the equilibrium quantity of trash collectors hired, and what is the equilibrium wage?
b. What is the equilibrium quantity of receptionists hired, and what is the equilibrium wage?
c. Briefly discuss why trash collectors might earn a higher weekly wage than receptionists.
d. Suppose that comparable-worth legislation is passed, and the government requires that trash collectors and receptionists be paid the same wage, $500 per week. Now how many trash collectors will be hired, and how many receptionists will be hired?

Market for trash collectors Wage (dollars per Supply of trash collectors week) $900 800 700 600 ....*... 500 400 300 Demand for trash collectors 200 100 2 3 4 5 6 7 8 9 10 11 12 Quantity of labor (in thousands) Market for receptionists Wage (dollars per week) $900 Supply of receptionists 800 700 600 500 400 300 200 Demand for 100 receptionists 5 6 7 8 10 11 Quantity of labor 1 3 (in thousands) 4.

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