If the Marginal Cost of Keeping a Dentist's Office Open

question 124

Multiple Choice

If the marginal cost of keeping a dentist's office open one additional hour per day is $300, then the dentist should keep the office open for one extra hour:

• A)only if the marginal benefit she receives is greater than $300 plus an acceptable profit margin.
• B)as long as the marginal benefit she receives is just equal to or greater than $300.
• C)as long as the marginal cost does not rise.
• D)until the marginal benefit she receives reaches zero.

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Definitions:

Organized Labor

Refers to the collective organization of workers through unions and labor groups to advocate for better working conditions, wages, and rights.

Union Membership

Refers to individuals who are members of a labor union, an organization that represents the collective interests of workers in negotiations with employers.

Border Patrol

A national security agency responsible for monitoring and securing the borders of a country to prevent illegal immigration, trafficking, and other unauthorized activities.

Bracero Program

A series of agreements between the United States and Mexico, allowing short-term contract laborers from Mexico to work in the U.S. agricultural industries from 1942 to 1964.