Suppose at the current level of labor used, MRP = $100 and MFC = $100. To maximize profits, the firm should

The Social Security tax is a tax that Congress imposes equally on both employers and employees. Does this mean that the burden of this tax is shared equally between firms and workers? Explain

What will be an ideal response?

From the airlines' perspective, amenities competition is preferable to price competition because revenues are not adversely affected and it is easier to determine the strategies of one's competitors

Indicate whether the statement is true or false