If a monopolist is producing at a point at which marginal revenue is greater than marginal cost, it should decrease the level of production

The inefficiency for collective consumption goods stems from the fact that _____

a. the total cost of the good is too high b. the marginal cost of the good is zero c. the total cost of the good is zero d. the good cannot be priced because it is too easy to steal

The manager of a shoe-manufacturing unit divides workers into three groups and assigns them tasks based on their skill sets. Some are assigned the task of designing shoes, some are assigned the task of manufacturing shoes, and the rest are asked to pack the shoes. This is: a. an example of specialization of labor

b. likely to increase the total cost of manufacturing shoes. c. likely to increase the marginal cost of producing additional shoes. d. an example of wage discrimination among workers.