Which of the Following Statements Is True About the Equal

question 73

Multiple Choice

Which of the following statements is true about the Equal Pay Act of 1963?

• A) It states that differences in pay between men and women in the same jobs are permitted if they belong to different ethnic groups.
• B) It requires that men and women in the same jobs, inspite of difference in seniority are given equal pay.
• C) It states that the existence of pay differences between the different jobs held by women and men issufficient to prove that illegal discrimination has occurred.
• D) It requires employers to give similar wage rates for similar work without regard to gender.

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Definitions:

Output

The quantity of goods or services produced by a firm, sector, or economy.

Total Variable Costs (TVC)

TVC refer to the costs that vary directly with the level of output produced, including expenses such as materials and labor.

Marginal Cost

The cost of producing one additional unit of a product.

Average Total Cost (ATC)

The total cost of production divided by the quantity produced, representing the cost on average of producing one unit of output.