Which of the following is a condition for maximum profit?
A) VMP = W.
B) VMP = MC.
C) MP = W.
D) MC = W.
A
Economics
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Economic behavior is always rational.
Answer the following statement true (T) or false (F)
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What is meant by the term "exclusive dealing"? Give an example of an exclusive deal. When is it illegal?
What will be an ideal response?
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Fiscal policy involves discretionary changes in
A) interest rates. B) exchange rates. C) income tax rates. D) the rate of growth of the quantity of money in circulation.
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