Question

Question 1 (word count 300-400 words)

Mr Tunde has performed his duties at Coltex group of company for 3 years diligently. By the company policy he was due for promotion after a routine interview. Surprisingly, He was denied the promotion and was asked to try again the following year. Using the appropriate model of discrimination, discuss 4 possible reasons why he was denied a promotion.

Question 2 (Word Count 300-400 words)

a) Usman is a young man who has just started his career with dreams and aspiration of acquiring some real estate properties. However, Usman’s wage was decreased by 10% due to the global crisis. Using a graph explain how this will affect his labor supply.

b) How will his decision on labour supply change if he receives an inheritance from a dead relative?

Question 3 (word count 300- 400 words)

Using the Hedonic wage function, describe how an individual will react to 3 job opportunities in Lagos state at the moment. Hint: At the moment, Lagos state is considered a hot zone for COVID 19 in Nigeria.

Answer 1

Q1-