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Business, 27.06.2019 21:50 dom546

The following table lists the name, gender, height, and reservation wage of 10 people who are willing to work as sales clerks at a high-end clothing store. (note: the reservation wage is the lowest wage a person is willing to accept in order to work.) wage(inches)(dollars per week)paolo m 67 $308teresa f 63 $321beth f 66 $342sam m 71 $364andrew m 69 $385eleanor f 66 $407darnell m 70 $421musashi m 70 $450jacques m 64 $462kyoko f 69 $484the lowest wage that the clothing store can pay to hire five sales clerks week. suppose the head of the clothing store has a preference for tall employees because he thinks it will increase revenue, and thus, he imposes the restriction that all sales clerks hired must be at least 67 inches in height. under this new regulation, the wage rate the clothing store must pay to attract five sales clerks rises by $ week.

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