An Effective Affirmative Action Program

question 15

Multiple Choice

An effective affirmative action program

• A)lowers the production costs of color-blind firms.
• B)lowers the production costs of discriminatory firms.
• C)increases profits of color-blind firms.
• D)makes discriminatory firms more inefficient.
• E)makes color-blind firms more efficient.

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Definitions:

Total Cost

The complete expenditure incurred in the production, operation, or provision of goods or services, including both fixed and variable costs.

Software Package

A bundle of software applications or programs typically designed to perform a specific group of tasks or functions and sold as a single product.

Cost Plus Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's unit cost.

Monopolist

An entity that has exclusive control over the supply of a particular product or service, and thus the power to influence the market price.