Which of the Following Is NOT a Correct Statement About

question 20

Multiple Choice

Which of the following is NOT a correct statement about the coefficient of employee discrimination?

• A) It captures the psychic reduction in utility that a prejudiced worker experiences as a result of working with minority workers.
• B) If all White workers are prejudiced,employers will be racially segregated.
• C) A given worker is unprejudiced if his coefficient of employee discrimination approaches zero.
• D) The effect of this coefficient on market wages is expected to be zero in the long run.
• E) If all White workers are prejudiced,there will be market wage discrimination.

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Definitions:

Pure Competition

A market setup defined by many small businesses, identical products, unrestricted entry and departure, and complete information transparency.

Long-Run Average

A concept referring to the time period in which all inputs can be adjusted by firms, relating to production costs and decisions.

Differentiated Products

Goods or services that are distinguished from similar products by characteristics like quality, design, and features.

Marginal Revenue

The additional income received from selling one more unit of a good or service.