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 a profit,it will want to increase output and hire more female workers.This will ________ the demand for female workers and ________ the wage rate for these workers.

Question

Quizplus · Accepted Answer

If the firm wants to increase output and profits by hiring more female workers, the demand for female workers will increase. Since the supply of female workers is fixed, the increase in demand will lead to an increase in the wage rate for female workers. Thus, both the demand for female workers and the wage rate for them will increase.

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