« previous next »

Author Question: When MR = MC A) marginal profit is maximized. B) total profit is maximized. C) marginal profit ... (Read 79 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 types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Total fertility rates (TFRs) among major regions of the world. Total fertility rates (TFRs) among major regions of the world.
Total hip prosthesis. Total hip prosthesis.
During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri
Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012 Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012
Total Fitness and Wellness, Brief Edition, 4th Edition Total Fitness and Wellness, Brief Edition, 4th Edition
Total parenteral nutrition through a catheter in the right subclavian Total parenteral nutrition through a catheter in the right subclavian
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library