question archive 1)Which produces market failure problems in private markets? A) the maximization of consumer satisfaction B) spillover costs and benefits C) allocative efficiency D) productive efficiency 2)A profit-maximizing firm's daily total revenue is $155 with 3 workers, $200 with 4 workers, and $250 with 5 workers
1)Which produces market failure problems in private markets? A) the maximization of consumer satisfaction B) spillover costs and benefits C) allocative efficiency D) productive efficiency 2)A profit-maximizing firm's daily total revenue is $155 with 3 workers, $200 with 4 workers, and $250 with 5 workers
Subject:EconomicsPrice: Bought3
1)Which produces market failure problems in private markets?
A) the maximization of consumer satisfaction
B) spillover costs and benefits
C) allocative efficiency
D) productive efficiency
2)A profit-maximizing firm's daily total revenue is $155 with 3 workers, $200 with 4 workers, and $250 with 5 workers. The marginal cost of each worker is $60 per day. The firm should:
A) hire a fifth worker. C) hire more than five workers.
B) hire four workers. D) none of the above.
