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1.) Hiring Marco increases a business's output by 21 units an hour. Output is sold in competitive markets for $4 per unit. The highest hourly
1.) Hiring Marco increases a business's output by 21 units an hour. Output is sold in competitive markets for $4 per unit. The highest hourly wage the business will pay Marco is
A) $4.
B) $5.
C) $40.
D) $80.
E) $100.
2.)The University of Toronto offers free anti-virus software to all staff and students. This is an example of
A) irrational decision-making.
B) the invisible hand.
C) public provision of a public good.
D) monopoly pricing.
E) corporate generosity.
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