1. Consider two people: Rae and Jae. Rae and Jae can purchase meat or salad. Rae likes meat more than Jae does, and Jae likes salad more than meat. a) Draw a graph showing the indifference curves for Rae and Jae, with salad on the vertical axis and meat on the horizontal axis. Explain the slopes of the indifference curves: b) Who has the steeper indifference curve? c) What does the slope of the indifference curve tell you about the person's preference? d) How do you think social norms about who shops for groceries might affect the purchases made in a family? 2. The country of Workland has three sectors: Services, Manufacturing and Primary Production (S, M and P) There are 500 male workers and 400 female workers in the country. They are distributed according to Men Women Services 200 220 Manufacturing 250 150 Primary Production 50 30 Calculate the Duncan index of dissimilarity for this economy.3. Consider the following article: https://montrealgazette.comews/quebec/saint-eustache-hospital-posts-job-offers-for-white- woman-only-report Classify the discrimination type according to Becker's taste-based discrimination. Explain why you made this choice. Is this legal in Canada? 4. In Not-equal Incorporated, the average wage of a white male is $25 per hour. The average wage of a female person of colour is $18. a) Write the equation for the relationship between these wages if a. The difference is due to employer based discrimination. b. The difference is due to employee based discrimination. b) For each case, calculate D as a percent of W'. 5. Consider Jake and Al. They are considering going to Portugal or Sweden once the pandemic ends. Here are their payoffs: Al's choices: Sweden Portugal Jake's choices Sweden (10, 5) (3, 6) Portugal (3, 6) (4, 9) ) The strategy (S, P), represents Jake going to and Al going to a. It has payoff for Jake and for Al. b) Is there a dominant strategy in this game? Explain. c) Find the Nash equilibrium (equilibria) in this game, if one or more exists. If there is no Nash equilibrium, then explain why not. What is/are the payoffs in these Nash equilibria (this equilibrium).5. Consider Jake and Al again. They are considering going to Portugal or Sweden once the pandemic ends. Here are their payoffs: Al's choices: Sweden Portugal Jake's choices Sweden {10. 5} | is, 4} Portugal {3, 5) {4, 9} d]: The strategy (P, 5), represents Jake going to and Al going to e) Is there a dominant strategy in this game? Explain. f} Find the Nash equilibrium [equilibria] in this game, if one or more exists. 1'. {Review} Consider the following scenario: Ginger and Pepper are planning to garden and paint their house this weekend. They each have SIX hours to use toward these tasks this weekend. Here is their output per hour: Gardening {weeds pulled) Painting [meters covered] per hour per hour A neighbour will help them garden and pull 200 weeds during the weekend. Draw theirjoint ppf and label everything. Place the neighbour's contribution on the vertical axis. This will determine the labels for the vertical and horizontal axes. {There should be 5 different number labels as well as the axes.)