Which of the Following Statements Is TRUE

question 93

Multiple Choice

Which of the following statements is TRUE?

• A) Compared to white-sounding names on résumés, black-sounding names received fewer interview callbacks.
• B) Stephen Levitt and Roland Fryer found that a black-sounding name has a large negative effect on a person's lifetime earnings.
• C) Shorter men earn more than taller men.
• D) Labor markets do not reward beautiful people with higher wages.

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Definitions:

Marginal Cost

The addition to total expenses resulting from the production of one more unit of a product or service.

Price-taker Market

A market condition where individual sellers or buyers cannot influence the price of goods or services and must accept the prevailing market price.

Marginal Revenue

The additional income generated from selling one more unit of a good or service.

Average Variable Cost

The total variable cost divided by the quantity of output produced; it represents the variable cost per unit of output.