« previous next »

Author Question: When MR = MC A) marginal profit is maximized. B) total profit is maximized. C) marginal profit ... (Read 70 times)

ETearle

  • Hero Member
  • *****
  • Posts: 580
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

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

A Total Eclipse of the Sun A Total Eclipse of the Sun
Effects of Living in Total Darkness on Monoaminergic Systems Effects of Living in Total Darkness on Monoaminergic Systems
Total Fitness and Wellness, Brief Edition, 4th Edition Total Fitness and Wellness, Brief Edition, 4th Edition
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library