Refer to the Following

question 78

Multiple Choice

Refer to the following:

Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500.

-What is average variable cost?

• A) $0.63
• B) $1.60
• C) $3.20
• D) $10.00
• E) none of the above

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Definitions:

Biphobia

Biphobia is a form of discrimination or prejudice against bisexual individuals, characterized by negative attitudes, beliefs, or behaviors.

Heterosexism

The discrimination or prejudice against individuals based on a presumption of heterosexuality as the norm.

Negative Sexual Labelling

Assigning derogatory or demeaning labels to individuals based on their sexual behavior or preferences, often reinforcing stigma and discrimination.

Slut-shaming

The act of criticizing or mocking a person, usually a woman, for her real or presumed sexual activity, promoting stigma and reinforcing sexual double standards.