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Scenario: Assume the marginal revenue product, MRP, for minority workers is given by MRP = 40 5Nm , where Nm is the number of minority
Scenario: Assume the marginal revenue product, MRP, for minority workers is given by MRP = 40 5Nm , where Nm is the number of minority workers. The market wage for minorities is $5/hr. Discriminating firms devalue the contributions of minorities at a rate of$5/hr (i.e., d=5). A) How many minority workers do non-discriminating firms hire? B) What is the profit level of a non-discriminating firm at their chosen quantity demanded of minority workers? Supply the answer rounded to the nearest tenth decimal point C) How many minority workers do discriminating firms hire? D) What is the profit level of discriminating firm at their chosen quantity demanded of minority workers? Supply an integer value
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