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# An Australian24 study found that, if other factors are constant (education, experience

ISBN: 9781118174920 268

## Solution for problem 34 Chapter 1.2

Applied Calculus | 5th Edition

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Problem 34

An Australian24 study found that, if other factors are constant (education, experience, etc.), taller people receive higher wages for the same work. The study reported a height premium for men of 3% of the hourly wage for a 10 cm increase in height; for women the height premium reported was 2%. We assume that hourly wages are a linear function of height, with slope given by the height premium at the average hourly wage for that gender. (a) The average hourly wage25 for a 178 cm Australian man is AU\$29.40. Express the average hourly wage of an Australian man as a function of his height, x cm. (b) The average hourly wage for a 164 cm Australian woman is AU\$24.78. Express the average hourly wage of an Australian woman as a function of her height, y cm. (c) What is the difference in average hourly wages between men and women of height 178 cm? (d) Is there a height for which men and women are predicted to have the same wage? If so, what is it?

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Law 322 Chapter 12 Notes 1. Three stages of creating a business a. Creation/set-­‐up stage: How hard or easy it is to create this entity, b. Operating stage: up and running,...

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