Working fewer hours to reduce your tax burden is tax evasion.

Wearing an expensive business suit to an interview is a kind of

a. Screening mechanism b. Signaling mechanism c. Way to waste money d. None of the above

Which of the following is not a condition of long-run equilibrium for perfectly competitive firms?

a. price is equal to marginal cost b. price is equal to minimum short-run average total cost c. price is equal to minimum long-run average cost d. price is equal to marginal revenue e. economic profit is positive