This topic contains a solution. Click here to go to the answer

Author Question: Campbell recently began running his brother's lumber mill. Last month he took in 10,000 in sales ... (Read 172 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
Campbell recently began running his brother's lumber mill. Last month he took in 10,000 in sales revenue and paid 6,800 in out-of-pocket costs. He made an economic profit last month if his implicit costs were:
 a. 2000.
  b. 3200.
  c. 4800.
  d. 6600.

Question 2

The concept of comparable worth:
 a. is that pay ought to be determined by job characteristics rather than by supply and demand.
  b. is that pay ought to be determined by supply and demand rather than by job characteristics.
  c. has made hiring practices much simpler for employers.
  d. asserts that market-determined wages are the only appropriate way in which to allocate pay.
  e. is easy to implement once a new worker has been hired.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sarahccccc

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

a

Answer to Question 2

a




beccaep

  • Member
  • Posts: 535
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

For a complete list of videos, visit our video library