Author Question: Which is NOT an example of signaling high quality in a social setting a. wearing a business suit on ... (Read 28 times)

folubunmi · **on:** Jul 1, 2018

Which is NOT an example of signaling high quality in a social setting
a. wearing a business suit on a job interview
b. leaving a big tip for the waiter after a dinner date
c. offering an expensive engagement ring to your bride
d. Doing messy chores before a big date

Question 2

The optimal level of output may be defined as that level of output where
a. average benefit exceeds average cost by the greatest amount.
b. total benefit equals total cost.
c. marginal benefit exceeds marginal cost by the greatest amount.
d. the marginal benefit of the last unit purchased equals its marginal cost.
e. it is impossible to define optimal in any meaningful way.