The Social Security System of 1935 was flawed from the beginning. It left old-age pensions in the control of the states. Two examples include workers' and unemployment compensation

An employer whose discrimination coefficient is $4 will:

A. refuse to hire nonpreferred-race workers at any wage rate. B. hire only nonpreferred-race workers if the actual nonpreferred-preferred wage differential is $3 an hour. C. hire only preferred-race workers if the actual nonpreferred-preferred wage differential is $3 an hour. D. hire only preferred-race workers if the nonpreferred-preferred wage differential is $4.

Refer to the graph below for a purely competitive firm in the short run. The firm would suffer losses if it operates at which of the following range of output?

A. 0A
B. AB
C. BC
D. Any level below C