Which of the following is an important difference between government and privately-owned enterprises?
A) Government can distribute goods without employing discriminatory rationing criteria.
B) Government can more easily use negative incentives to obtain resources.
C) Government does not produce exchangeable commodities or services.
D) Government provides services at a lower opportunity cost.
E) Government tends to pay close attention to the varying preferences of the people.
B
Economics
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If MRP < MLC, the firm
a. is employing the optimal quantity of workers b. should decrease the quantity of labor it employs c. should lower the wage rate d. should increase the quantity of labor it employs e. should raise the wage rate
Economics
Which of the following can be added to profit to obtain total revenue?
a. net profit b. capital profit c. operational profit d. total cost
Economics