Proponents of comparable worth justifies it on the ground that:
a. interfering with the functioning of the labor market will lead to shortages of labor.
b. interfering with the functioning of the labor market will lead to excess supplies of labor.
c. as a result of personal prejudices the market is unable to assess marginal products.
d. market correctly processes the innumerable information which is available.
e. interaction of demand and supply correctly determines the wage rate.
c
Economics
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Which of the following factors of production is least likely to show diminishing marginal product?
A) Capital B) Labor C) Technology D) Land
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How will a decrease in price affect a firm's revenues?
A) It depends on the price elasticity of demand. B) Revenues will stay the same. C) Revenues will decrease. D) Revenues will increase.
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