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Author Question: When MR = MC A) marginal profit is maximized. B) total profit is maximized. C) marginal profit ... (Read 54 times)

ETearle

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on: Jul 1, 2018
When MR = MC
 
  A) marginal profit is maximized.
  B) total profit is maximized.
  C) marginal profit is positive.
  D) total profit is zero.

Question 2

An efficiency wage is
 
  A) lower than a living wage.
  B) unfair to employers.
  C) a wage rate above the employees' opportunity cost.
  D) unlikely to be paid when monitoring is available.


lcapri7

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


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