Evidence of discrimination in labor markets
a. applies only to race and gender.
b. is conclusively identified by large differences in average wages rates between men and women.
c. is difficult to verify by reference to differences in average wage rates.
d. is more easily identified on the basis of race than gender.
c
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Technical progress will
a. shift a firm's production function and its related cost curves. b. not affect the production function, but may shift cost curves. c. shift a firm's production function and alter its marginal revenue curve. d. shift a firm's production function and cause more capital (and less labor) to be hired.
Based on this graph for the welfare effects of a subsidy, when does the deadweight loss start?
a. when the demand rises above the quantity at E1
b. when the supply rises above the quantity at E1
c. when the supply rises above the quantity at E2
d. when the demand drops below the quantity at E2