A firm under any market structure maximizes profits at a point where:
a. marginal revenue product is greater than marginal factor cost.
b. marginal revenue product is equal to marginal factor cost.
c. marginal revenue product is equal to zero.
d. marginal factor cost is equal to zero.
e. marginal revenue product is less than marginal factor cost.
b
Economics
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A positive spending shock ________ real interest rates and ________ output in the short run, thereby its effect on stock prices is ________
A) raises; lowers; positive B) raises; raises; ambiguous C) lowers; raises; negative D) lowers; raises; positive
Economics
In which type of contract does the agent receive a share of revenues earned?
A) A commission based contract. B) A sharecropping contract. C) A piece rate contract. D) A contract with stock options as salary.
Economics