Sydney and Diego are twins who attended elementary school th…

Sydney and Diego are twins who attended elementary school through college together. Both twins got jobs in the same department of an accounting firm. They both work equally hard and have received similar performance reviews. Sydney earns $50,000 a year, and Diego earns $64,000 a year. Select the best explanation for this wage difference.

Table 21-3 The Distribution of Income in Cristopia ​ Grou…

Table 21-3 The Distribution of Income in Cristopia ​ Group Annual Family Income Bottom Quintile $28,000 and below Second Quintile $28,000–$49,999 Middle Quintile $50,000–$72,999 Fourth Quintile $73,000–$92,999 Top Quintile $93,000 and above ​ ​ ​Refer to Table 21-3. According to the table, what percent of families in Cristopia have income levels below $93,000?

Scenario 20-6 The after-school tutoring industry is competit…

Scenario 20-6 The after-school tutoring industry is competitive, and so is the labor market for after-school tutors. Suppose male and female tutors have equal experience and skill. Currently, some tutoring centers are biased and will only hire male tutors, whereas unbiased tutoring centers desire to hire the cheapest tutors and do not care about their genders. As a result, the equilibrium wage for male tutors is higher than that of female tutors.Refer to Scenario 20-6. If consumers do not discriminate between male and female tutors, then the