You pay for school tuition, and for each class you attend. Suppose that you stopped attending class after the first semester, but still pay school tuition. Which of the following is this an example of? Sunk cost Equimarginal principle O Positive net gain O Marginal product of labor QUESTION 4 Evaluate the following statement: "A firm producing at the point where marginal benefit is not equal to the derivative of total cost is adhering to the equimarginal principle" False True
You pay for school tuition, and for each class you attend. Suppose that you stopped attending class after the first semester, but still pay school tuition. Which of the following is this an example of? Sunk cost Equimarginal principle O Positive net gain O Marginal product of labor QUESTION 4 Evaluate the following statement: "A firm producing at the point where marginal benefit is not equal to the derivative of total cost is adhering to the equimarginal principle" False True
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 3.9P
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urgent i will 5 upvotes both answers.
Transcribed Image Text:You pay for school tuition, and for each class you attend. Suppose that you stopped attending class after the first semester,
but still pay school tuition. Which of the following is this an example of?
Sunk cost
Equimarginal principle
O Positive net gain
O Marginal product of labor
QUESTION 4
Evaluate the following statement:
"A firm producing at the point where marginal benefit is not equal to the derivative of total cost is adhering to the
equimarginal principle"
False
True
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