Refer to the Graph Shown

question 83

Multiple Choice

Refer to the graph shown. If the monopoly firm maximizes profit, consumers will pay:

• A)$2.00 per unit and consumer surplus will be 45.
• B)$2.50 per unit and consumer surplus will be 18.75.
• C)$3.50 per unit and consumer surplus will be 11.25.
• D)$3.50 per unit and consumer surplus will be 22.5.

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Definitions:

The Feminine Mystique

A landmark book by Betty Friedan published in 1963 that challenged the traditional roles of women in society and sparked the second wave of feminism in the United States.

Equal Rights Amendment

A proposed amendment to the U.S. Constitution aiming to guarantee equal legal rights for all American citizens regardless of sex, never fully ratified.

Equal Pay Act

A U.S. law enacted in 1963 aimed at abolishing wage disparity based on sex by ensuring that men and women are given equal pay for equal work in the same establishment.

Equal Wages

The principle or practice of paying the same salary to employees in the same position and qualifications, regardless of gender, ethnicity, or other discriminatory factors.