At a given output level, a monopolist earns a profit only if the
a. slope of its TR curve exceeds the slope of his TC curve.
b. height of its MR curve exceeds the height of his MC curve.
c. height of its demand curve exceeds the height of his MR curve.
d. height of its demand curve exceeds the height of his ATC curve.
d
Economics
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Paying a higher wage to attract and retain more productive workers is called:
a. wage discrimination. b. signaling. c. screening worker's skill set. d. paying efficiency wages.
Economics
The reason people in Professor Rawls' thought experiment would choose an equal distribution of income is that:
A. people are risk-neutral. B. it is the easiest distribution to implement. C. they are concerned about the welfare of others. D. they fear ending up in a disadvantaged position themselves.
Economics