Business, 04.05.2021 20:00 nique1024

The following table lists the name, gender, height, and minimum wage 10 people are willing to accept to work as sales clerks at a high-end clothing store. Name Gender Height(Inches) Minimum wage(Dollars per week)
Tim M 66 $306
Eileen F 66 $328
Kate F 68 $350
Clancy M 70 $361
Hubert M 70 $383
Poornima F 66 $405
Manuel M 71 $427
Antonio M 70 $449
Shen M 63 $460
Valerie F 68 $482
a. The lowest wage that the clothing store can pay to hire five sales clerks is $ per week.
b. 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 $ per week.

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