Mark and Chloe Hold the Same Position at Rue

question 32

Multiple Choice

Mark and Chloe hold the same position at Rue & West Bros.However,Mark earns more than Chloe.Which of the following will justify the organization's decision to pay Mark more than Chloe?

• A) Mark meets higher productivity targets than Chloe.
• B) Mark comes from an economically weaker background.
• C) Mark is male.
• D) Chloe is younger than Mark.
• E) Chloe is not a U.S.citizen.

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Definitions:

Employment

The condition of having paid work, or the total number of people who are currently employed or actively looking for work.

Variable Input

Inputs or resources whose quantity can be changed in the short term to adjust the level of production, such as labor or raw materials.

Labor Market

The marketplace in which employers find workers and workers find jobs, characterized by the demand and supply of labor.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, holding other factors constant.