When MR = MC A) marginal profit is maximized. B) total profit is maximized. C) marginal profit ...

Author Question: When MR = MC A) marginal profit is maximized. B) total profit is maximized. C) marginal profit ... (Read 71 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

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