A rational decision maker engages in an activity if that activity is more attractive than the best alternative

The fact that Jackie received a higher raise than did Jamie, while processing 12 percent more customers at her bank teller line, is evidence of wage discrimination

a. True b. False Indicate whether the statement is true or false

A firm is indifferent between staying in business and shutting down in the short run when, at the loss-minimizing level of output,

a. total revenue equals total cost b. average total cost is at its minimum c. total revenue exceeds total cost d. total revenue equals total variable cost e. total variable cost equals total cost