Which of the following represents an example of labor-market discrimination?
a. An employer is more likely to grant an interview to a person graduating from Yale than from the local community college.
b. An employer is more likely to grant an interview to a person graduating from the local community college than from Yale.
c. An employer is more likely to grant an interview to a woman with a traditionally "white" name such as Emily than to a woman with a traditionally "black" name such as Lakisha.
d. An employer is as likely to grant an interview to person with a traditionally "masculine" name such as "Alex" as a person with a traditionally "feminine" name such as "Emily.".
c
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A successful strategy of price discrimination requires that a firm be a price taker
Indicate whether the statement is true or false
When a monopolist faces a fixed marginal cost of production, profit is maximized if:
a. the slope of the tangent to the total revenue curve is equal to the slope of the total cost curve. b. the slope of the total cost curve is 1. c. the marginal revenue is zero. d. the slope of the tangent to the total revenue curve is equal to the slope of the marginal revenue curve.
Which of the following explains why monopolists lack allocative efficiency?
a. Because they produce at the quantity where P = MC b. Because they produce at the quantity where P > MC c. Because they invest too much in research and development d. Because they use intellectual property as barriers to entry
Which of the following statements is true?
A. Worldwide, no countries are catching up to the United States with respect to GDP per capita. B. The poverty line has not been adjusted at all in the past 35 years. C. Income distributions have not changed much in the United States in the past 35 years. D. Progressive income tax structures are one method of making incomes more equal.