Answer to Question #52912 in Microeconomics for Yana
a. Lejla's wage.
b. Tarik's time.
c. Lejla's tips.
d. Tarik's tips.
e. Both Lejla's and Tarik's tips.
2. Which of the following is most likely to be true of economic and accounting profits?
a. Economic profits are less than accounting profits.
b. Accounting profits are less than economic profits.
c. Economic profits plus accounting profits equal zero.
d. Accounting profits minus economic profits equal zero.
Marginal product measures the change in:
d. the firm's output brought about by employing one additional unit of input.
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