The general rule for benefit maximization suggests that in personal equilibrium:
A) the ratio of total benefits to price should be identical across all goods.
B) the ratio of total benefits to income should be identical across all goods.
C) the ratio of marginal benefits to price should be identical across all goods.
D) the ratio of marginal benefits to income should be identical across all goods.
C
You might also like to view...
If a firm was owned by its employees,
A) there is a higher probability that wage reductions would outweigh layoffs. B) those in charge would not act any differently than regular owners; there would still be layoffs. C) those not in charge would remain risk neutral. D) wage reductions would be lower than if the firm was run for profit.
Which of the following is a macroeconomic concern?
A) the unemployment rate in a specific industry B) the national output of the United States C) wage levels in specific industries D) the operation of an individual firm