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Author Question: Being paid a wage more than your opportunity costs is an example of A) economic profit. B) normal ... (Read 47 times)

genevieve1028

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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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

a


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