« previous next »

Author Question: Being paid a wage more than your opportunity costs is an example of A) economic profit. B) normal ... (Read 57 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 30, 2018
Being paid a wage more than your opportunity costs is an example of
 A) economic profit.
  B) normal profit.
  C) an accounting cost.
  D) an efficiency wage.

Question 2

When a profit-maximizing firm makes a decision to employ a worker, that decision is based on:
 a. the individual contribution that the worker makes to the profit of the firm.
  b. the average productivity of the firm's labor force.
 c. the familial relationship between the employer and the employee.
 d. the total output produced by the firm.


l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Maintenance of normal blood glucose levels. Maintenance of normal blood glucose levels.
Summation of Heart Sounds, Normal S2 Summation of Heart Sounds, Normal S2
Normal Partial Pressures Normal Partial Pressures
IQ scores form what mathematicians call a normal distribution "bell curve" IQ scores form what mathematicians call a normal distribution "bell curve"
economic question economic question
Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ... Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ...
Video: Mendel's Principles of Dominance, Segregation and Independent Assortment

For a complete list of videos, visit our video library