Author Question: Refer to Scenario 10.2. Suppose that in addition to the tax, a business license is required to stay ... (Read 28 times)

futuristic · **on:** Jul 1, 2018

Refer to Scenario 10.2. Suppose that in addition to the tax, a business license is required to stay in business. The license costs 1000. What is the profit maximizing level of output?

A) 0
B) 90
C) 95
D) 100
E) none of the above

Question 2

Job market signals like dressing well for interviews are not especially effective because:

A) the cost of dressing well is about the same for high-quality and low-quality workers.
B) many businesses have adopted casual office attire, so dressing well is not important to the firm.
C) federal labor laws prohibit firms from using dress or appearance as an employment criterion.
D) none of the above