There is statistical evidence that managers' salaries are tied most closely to
a. profits at the profit-maximizing output.
b. sales volume.
c. cost per unit at minimum-cost output.
d. the closeness of output to the point where MR = MC.
b
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Differentiate between the income effect and the substitution effect of a fall in the price of a good
What will be an ideal response?
If, for a $1000 premium, you buy a $100,000 put option on bond futures with a strike price of 114, and at the expiration date the price is 110, your ________ is ________
A) profit; $4000 B) loss; $4000 C) profit; $3000 D) loss; $3000
When a profit-maximizing firm in a monopolistically competitive market is in long-run equilibrium, marginal cost must lie below average total cost
a. True b. False Indicate whether the statement is true or false
The most common form of business organization, as far as the number of such firms in business, is the
A) proprietorship. B) partnership. C) corporation. D) S corporation.