Suppose that at a given level of output, a perfectly competitive firm charges a price of $12 and has average total costs of $10 . If its economic profit is $20,000 . then it must be producing:

How is the wage to be paid to a worker determined by a profit-maximizing firm? If a marginal worker creates 8 units of a product in a month that is sold for $5 per unit, how much should be the maximum wage that should be paid to him?

What will be an ideal response?

The ability of employees to ________ might reduce the possibility or effectiveness of monitoring

A) use the Internet B) complain to management C) telecommute D) change jobs