Which of these instances would constitute labor-market discrimination? Courtney and Nicole are identical in all of their labor-market characteristics except that Courtney earns a higher salary than Nicole because
a. Courtney is beautiful and Nicole is not.
b. Courtney is 40 years old and Nicole is 60 years old.
c. Courtney works the night shift and Nicole works the day shift.
d. Courtney attended on the job-training seminars which allows her to do tasks Nicole is not qualified for.
b
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The demand for loanable funds is determined by the willingness of ________ to borrow money to engage in new investment projects
A) households B) banks C) government D) firms
The average product of a variable input is calculated as:
A) total product divided by total output. B) the change in total product divided by the change in the variable input. C) total product divided by the change in the variable input. D) total product divided by the total quantity of the variable input.