Which of the Following Statements Is True

question 140

Multiple Choice

Which of the following statements is true?

• A) Discrimination can reduce the perceived marginal revenue products of some groups of workers and thus lower their wage.
• B) Between 1955 and 2010, there was no reduction in the gap between white male wages and black male wages.
• C) The average wage of black females has risen to about 85 percent of the average wage of white males.
• D) The gap between the earnings of black women and white males is smaller than the earnings gap between black males and white males.

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Definitions:

Average Total Cost

The total cost per unit produced, determined by dividing the sum of fixed and variable costs by the quantity of output.

Shut Down

The process of ceasing operations or activities, often temporarily, in a business or other organization.

AVC

Average variable cost refers to the total variable cost per unit of output, calculated by dividing the total variable costs by the amount of output produced.

Price

The amount of money required to purchase a good or service, often determined by factors such as supply and demand.