Consider a workforce made up of equally productive,qualified female and male workers.The female workers are paid $10 per hour and the male workers are paid $15 per hour.
-Refer to the information above.If a firm hiring only female workers is making an economic profit,it will want to ________ its output and hire ______ female workers.

Question

Quizplus · Accepted Answer

If the firm is making an economic profit, it is earning more revenue than the cost of hiring the female workers. To increase its profit, it will want to increase its output, which means producing and selling more goods or services. To do so, it will need to hire more workers, and since the female workers are equally productive and qualified as the male workers but are paid less, it makes sense for the firm to hire more female workers to increase its output and maintain its economic profit.

Consider a Workforce Made Up of Equally Productive,qualified Female and Male