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Robin has just graduated with an MS in elementary education.He sends his résumé to a number of school boards,and one writes back offering an interview for a kindergarten position.When Robin arrives at the interview,it is obvious that the interviewers had expected a female.They ask a few general questions and conclude the interview.Two days later he gets a rejection letter.He later finds out that a female applicant with only a bachelor's degree was hired.He believes that he has been discriminated against due to sex,and he files a complaint with the EEOC.The school district defends by saying that kindergarten teachers are traditionally female and that the parents' preference is for a female to conduct the class.Is the school board justified in its actions,and will its defense be effective?
Marginal Productivity Theory
A principle in economics that suggests the payment to a factor of production (like labor or capital) corresponds to its marginal productivity, which is the additional output generated by one more unit of that factor.
Income Distribution
The way in which total income is shared among individuals or groups within a society.
Perfect Competition
A market structure characterized by a large number of small firms, identical products sold by all firms, freedom of entry and exit, and perfect information about prices and products.
P = MC
The condition where the price of a good equals its marginal cost, representing an equilibrium in perfect competition markets.
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