Discrimination by Customers Creates a Wage Differential Between Two Groups

question 19

Multiple Choice

Discrimination by customers creates a wage differential between two groups by creating a difference in the two groups'

• A) opportunity cost of acquiring skills.
• B) marginal cost of labour.
• C) minimum wage.
• D) supply of labour.
• E) value of marginal product.

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Definitions:

Gross Profit Method

An inventory estimation technique that calculates the cost of goods sold and ending inventory by using the gross profit margin.