Which of the Following Factors Is NOT an Acceptable Basis

question 20

Multiple Choice

Which of the following factors is NOT an acceptable basis for different pay for equal work under the Equal Pay Act of 1963?

• A)gender
• B)seniority
• C)production quality
• D)production quantity

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Definitions:

Returns to Scale

The change in output resulting from a proportionate increase in all inputs (factors of production), where increasing, constant, and decreasing returns to scale can occur.

Long-Run Average Total Cost

The average cost per unit of output in the long term when all inputs can be varied by the firm and economies of scale have been reached.

Output

The total amount of goods or services produced by a company, industry, or economy within a given period.

Returns to Scale

The rate at which output increases in response to a proportional increase in all inputs (factors of production).