Profit-maximizing employment is the quantity of labor at which
A) marginal revenue product is equal to marginal factor cost.
B) marginal revenue product is equal to product price.
C) marginal factor cost is equal to marginal revenue.
D) marginal factor product is equal to product price.
A
Economics
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All these increase differentiation, except
a. Product branding b. Reducing quality c. Advertising d. Limiting availability
Economics
Assume the production of a good gives rise to external benefits. The government may increase efficiency by
A. requiring all producers of the good to be licensed. B. subsidizing consumption of the good. C. imposing taxes on the good. D. taxing production of the good.
Economics