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The Figure Given Below Shows the Income-Leisure Trade Off of an Individual.Figure

Question 78

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The figure given below shows the income-leisure trade off of an individual.Figure 16.5
The figure given below shows the income-leisure trade off of an individual.Figure 16.5    AB and AC: Income constraints of the individual I<sub>1</sub>, I<sub>2</sub>, and I<sub>3</sub> curves show the income leisure choices of the individual. -Which of the following statements about employer prejudice is true? A) It would be impossible for employer prejudice to exist in a firm that sells its output in a competitive market unless all rivals also discriminate. B) Economic theory tells us that it would be impossible for employer prejudice to exist in a firm that is a monopoly. C) Employer prejudice will help a monopolist to increase his profits by satisfying his managers personal prejudices. D) Legislation has ended employer prejudice in the United States. E) Employer prejudice occurs only in low-paying jobs. AB and AC: Income constraints of the individual
I1, I2, and I3 curves show the income leisure choices of the individual.
-Which of the following statements about employer prejudice is true?


A) It would be impossible for employer prejudice to exist in a firm that sells its output in a competitive market unless all rivals also discriminate.
B) Economic theory tells us that it would be impossible for employer prejudice to exist in a firm that is a monopoly.
C) Employer prejudice will help a monopolist to increase his profits by satisfying his managers personal prejudices.
D) Legislation has ended employer prejudice in the United States.
E) Employer prejudice occurs only in low-paying jobs.

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