« previous next »

Author Question: When MR = MC A) marginal profit is maximized. B) total profit is maximized. C) marginal profit ... (Read 83 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 senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Population predictions for 2000–2050, using three different total fertility rates ( Population predictions for 2000–2050, using three different total fertility rates (
Eclipse Paths for Total and Annular Eclipses 2001–2020 Eclipse Paths for Total and Annular Eclipses 2001–2020
Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ... Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ...
Agricultural Land as a Fraction of Total Wealth in the United Kingdom Agricultural Land as a Fraction of Total Wealth in the United Kingdom
Total Fitness and Wellness, Brief Edition, 4th Edition Total Fitness and Wellness, Brief Edition, 4th Edition
The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ... The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ...
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library