Assume Xs Earn $3 Less Per Hour Than Ys and a Firm

question 221

Multiple Choice

Assume Xs earn $3 less per hour than Ys and a firm employs 300 workers. There are 8 working hours in the day, 5 working days a week, and 50 working weeks a year. If the firm discriminates and hires only Ys, how much profit will it lose in a year? (Assume Xs have the same work skills as Ys.)

• A) $1,800,000
• B) $36,000
• C) $7,200
• D) $600,000

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Definitions:

System

An organized set of interrelated components that function together as a whole to achieve a specific goal.

Visual Sensation

The experience of receiving and interpreting light through the eyes, leading to the perception of objects, colors, and movements in the environment.

Sensory Registers

The initial processing systems that hold incoming information from the senses for a very brief period, allowing it to be perceived.

Echo

A sound that is reflected off a surface and heard again by its source or listener, often used in the study of acoustics.