« previous next »

Author Question: When MR = MC A) marginal profit is maximized. B) total profit is maximized. C) marginal profit ... (Read 85 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 FDA recognizes 118 routes of administration.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

A Total Eclipse of the Sun A Total Eclipse of the Sun
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
World Total Energy Consumption by Fuel Type World Total Energy Consumption by Fuel Type
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
Total parenteral nutrition through a catheter in the right subclavian Total parenteral nutrition through a catheter in the right subclavian
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Multiple Sclerosis Animation

For a complete list of videos, visit our video library