In a hiring situation, considering that other potential costs will not change in the short run, the level of demand that maximizes profits is that level at which the ________ of the last hire is equal to the ________ for that hire.

A. marginal output; market price
B. incremental output; marginal output
C. demand factor; supply factor
D. marginal revenue; wage rate


Answer: D

Business

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The ____________________ is a variation of the gross profit method that is used by department and clothing stores, to estimate the cost of goods sold and ending inventory

Fill in the blank(s) with correct word

Business

When you request an adjustment, asking the company to assess your claim and then propose a fair solution to the problem is

A) a waste of time. B) effective with small companies only. C) always more effective than proposing a solution of your own. D) helpful when you are uncertain about the exact nature of the problem. E) feasible only if you have hired legal counsel.

Business

A(n) ____________________ system accumulates manufacturing costs by process

Fill in the blank(s) with correct word

Business

The management decision problem focuses on ________, while the marketing research problem focuses on ________

A) symptoms; solutions B) symptoms; underlying causes C) solutions; underlying causes D) none of the above

Business