Scenario 19-5 Kofi Works Part-Time at a Department Store After School. Kofi

question 47

Multiple Choice

Scenario 19-5
Kofi works part-time at a department store after school. Kofi has worked at the department store for two years but still hasn't received a wage increase, even though newer employees have received raises. Kofi has threatened his employer with a lawsuit if he doesn't get a raise in the next few weeks. Kofi believes he is a victim of labor-market discrimination.
-Refer to Scenario 19-5. Which of the following statements would strengthen Kofi's case against his employer?

• A)Kofi only works part-time; as a result, he has fewer hours of experience even though he has been with the company longer.
• B)Kofi doesn't accomplish as much in an hour as other workers doing the same job.
• C)Other workers that got raises moved to the night shift or agreed to work weekends.
• D)Unlike his colleagues, Kofi agreed to participate in monthly workshops aimed at increasing his efficiency on the job.

Analyze the relationship between demand, marginal revenue, and price elasticity in a monopolistic market.

Understand the concepts of economic profit, loss, and break-even points for monopolists.

Interpret graphical representations of demand, total revenue, and marginal revenue curves for a monopolist.

Calculate changes in total revenue resulting from price changes in a monopolistic market.

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Definitions:

Social Trap

Situations in which individuals or groups pursue immediate personal or collective gains that later result in negative outcomes for all parties involved.

Fuel Consumption

The quantity of fuel used by a vehicle, engine, or system over a given distance or time period.

Social-Responsibility Norm

A societal rule that tells people they should help others who need assistance even if doing so is costly.

Subway Tracks

The rails upon which subway trains run, typically located underground in urban areas to provide mass transportation.