How many male workers would the firm hire if the employer, Ask an Expert

Economics

A firms production function is given by Q = 10 x (EM + EF)1/2, where EM and EF are the quantities or male and female employees. Males and females are perfect substitutes. Please note that the marginal product of labor is given by the equation MPE = 5/(EM + EF)1/2. The firm sells its output for $50. The market wage for males is $25 and the market wage for females is $15. How many male workers would the firm hire if the employer did not discriminate? How many female workers would be hired? What are the firmâ€^TMs profits?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9447760

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