In statistical discrimination:

A. The average characteristics of the group are applied to individual members

B. The characteristics of individual members of a group are applied to describe the group as a whole

C. Hiring characteristics for workers are based on set government requirements

D. Workers are given preferential treatment if they help fulfill a quota for a particular type of characteristic

A. The average characteristics of the group are applied to individual members

Economics

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What is the difference between a normal profit and an economic profit?

What will be an ideal response?

Economics

If demand facing the firm is price-inelastic, marginal revenue will be:

a. positive. b. zero. c. negative. d. constant.

Economics