Figure 14.4

-Refer to Figure 14.4 to answer the following questions.
a.What is the equilibrium quantity of firefighters hired, and what is the equilibrium wage?
b.What is the equilibrium quantity of paralegals hired, and what is the equilibrium wage?
c.Explain why firefighters might earn a higher weekly wage than paralegals.
d.Suppose that comparable worth legislation is passed, and the government requires that firefighters and paralegals be paid the same wage, $800 per week.Now how many firefighters will be hired and how many paralegals will be hired?

Question

Figure 14.4
 
-Refer to Figure 14.4 to answer the following questions.
a.What is the equilibrium quantity of firefighters hired, and what is the equilibrium wage?
b.What is the equilibrium quantity of paralegals hired, and what is the equilibrium wage?
c.Explain why firefighters might earn a higher weekly wage than paralegals.
d.Suppose that comparable worth legislation is passed, and the government requires that firefighters and paralegals be paid the same wage, $800 per week.Now how many firefighters will be hired and how many paralegals will be hired?

Quizplus · Accepted Answer

The Answer of Figure 14.4
 
-Refer to Figure 14.4 to answer the following questions.
a.What is the equilibrium quantity of firefighters hired, and what is the equilibrium wage?
b.What is the equilibrium quantity of paralegals hired, and what is the equilibrium wage?
c.Explain why firefighters might earn a higher weekly wage than paralegals.
d.Suppose that comparable worth legislation is passed, and the government requires that firefighters and paralegals be paid the same wage, $800 per week.Now how many firefighters will be hired and how many paralegals will be hired?

Figure 14.4 -Refer to Figure 14.4 to Answer the Following Questions