Suppose the market wage rate for whites is $18 an hour and the monetary value a prejudiced employer attaches to the disutility of hiring African-Americans is $3. This employer will be indifferent between hiring African-Americans and whites only when the African-American wage rate is:
A. $3
B. $12
C. $15
D. $21
C. $15
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When the economy slows down and national income falls, the government will have ________ tax revenue to fund programs
A) about the same B) a rapid increase in C) more D) less
A firm’s demand curve can be used to determine average revenue.
Answer the following statement true (T) or false (F)
Fogel's (1964) work on railroads after the Civil War shows that they did not dominate the markets for steel, coal or wood
Indicate whether the statement is true or false
Those who believe that market prices always incorporate all available information believe:
A. in the efficient-market hypothesis. B. that randomly choosing a stock is not as effective as technical or fundamental analysis. C. that current stock prices does not represent true value as correctly as is possible. D. All of these are true.