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

Economics

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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?

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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

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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

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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.

Economics