Profit-Maximizing Firms Should

question 44

Multiple Choice

Profit-maximizing firms should:

• A)only improve workplace safety if the marginal cost of doing so is zero.
• B)improve workplace safety if the marginal cost of improved safety is less than the value workers place on improved safety.
• C)only improve workplace safety if they are ordered to do so by a regulatory agency.
• D)only improve workplace safety if the labor market is perfectly competitive.

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Definitions:

Ndongo

A historical African kingdom located in what is now Angola, known for its resistance against Portuguese colonization in the 16th century.

Portuguese Forces

The military organizations of Portugal, including the Army, Navy, and Air Force, responsible for the defense and security of the country.

Battalion

A military unit consisting of several companies or batteries and typically commanded by a lieutenant colonel.

Songhay Kingdom

A powerful West African state that flourished in the 15th and 16th centuries, known for its cultural achievements and military prowess.