Refer to the diagrams. The profit-maximizing firm's total wage cost:





A.  is 0abc.

B.  is 0Wbc.

C.  is Wab.

D.  cannot be determined.


B.  is 0Wbc.

Economics

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The level of pollution at which the marginal benefits equal the marginal cost of cleaning up is always

A) the zero pollution level. B) the optimal quantity of pollution. C) the pollution maximum. D) the pollution minimum.

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The break-even price for a perfectly competitive firm is the price that is equal to

A) AVC. B) ATC. C) MC. D) MR

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Economics