Differences in marginal revenue products are the most important factor in

Differences in marginal revenue products are the most

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92) Differences in marginal revenue products are the most important factor in explaining wagedifferences. Other factors that explain wage differences include all but one of the following. Whichfactor doesnothelp explain differences in wages?A) cognitive differentialsB) discriminationC) labor unionsD) compensating differentialsAnswer: A92)Diff: 1Page Ref: 558/558Topic: Differences in WagesLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective Thinking28
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93) Most economists believe that a small amount of the gap between the wages of white males and thewages of other groups is due to discrimination. Which of the following factors isnotanother factorthat explains part of this gap?93)Diff: 2Page Ref: 560/560Topic: Differences in WagesLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective Thinking94) The equilibrium level of employee compensation is determined by94)Diff: 1Page Ref: 559-560/559-560Topic: Compensating DifferentialsLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective Thinking95) In labor markets, the value of fringe benefits, such as health insurance,95)Diff: 2Page Ref: 559-560/559-560Topic: Compensating DifferentialsLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective Thinking
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  • Fall '13
  • AACSB, Page Ref, Reflective thinking, Interstate 90, factor demand

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