When total revenue is at a maximum
A. average revenue is zero.
B. marginal revenue is zero.
C. price is at a maximum.
D. quantity sold is at a maximum.
B. marginal revenue is zero.
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The employer is responsible for managing funds in an employee's defined contribution pension plan
Indicate whether the statement is true or false
Cyclical unemployment
a. is short-term joblessness experienced by those who are between jobs b. is joblessness created by a mismatch between available jobs and workers' skills c. is joblessness related to regular seasonal events such as holidays or weather changes d. is joblessness caused entirely by microeconomic forces e. does not exist when the economy is at full employment
Eric provides cheese (H) and milk (M) to the market with the following total cost function: C(H, M) = 10 + 0.4H2 + 0.2M2. The prices of cheese and milk in the market are $2 and $5 respectively. Assume that the cheese and milk markets are perfectly competitive. What output of milk maximizes profits?
A. 12.5 B. 1.25 C. 15 D. 20
Who is more likely to offer a money-back guarantee: a seller of a lemon or a seller of a plum? Why?
What will be an ideal response?