In Economics,maximization of the Total Profit of an Activity Occurs

question 19

Multiple Choice

In economics,maximization of the total profit of an activity occurs when:

• A)MB = MC.
• B)MB > MC.
• C)MB < MC.
• D)MB approaches MC.

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Compensation Insurance Scheme

An insurance plan designed to provide compensation to employees for injuries or disabilities sustained as a result of their employment.

Workers' Compensation Act

Legislation providing financial compensation and medical care for workers who are injured on the job or contract work-related illnesses.

Canadian Human Rights Act

A statute passed by the Parliament of Canada in 1977, designed to protect individuals from discrimination based on race, gender, disability, and other enumerated grounds.