There are one hundred jobs and one hundred workers in a competitive job market. All workers are equally productive. All employers dislike female workers but vary by the degree of their dislike. Job one's employer dislikes females by $1 a week, job two's employer by $2 a week, and so forth, such that job one hundred's employer dislikes females by $100 a week. Assume male workers are paid $500 a week. If there are 40 females and 60 males in the labor force, then which of the following is true in the short-run equilibrium? a. employer 40 will pay a wage of $440 and hire a female
b. employer 10 will pay a wage of $440 and hire a female
c. employers of males could increase their monetary profit by hiring females instead
d. All of the above are true

answer; /// i believe its ; research and content manager;

answer; swot analysis;

the answers are

a, b, c, & e.

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.