Refer to the information provided in Figure 7.2 below to answer the question(s) that follow.  Figure 7.2Refer to Figure 7.2. The average product with two workers is ________ lawns mowed.

A. 4
B. 5
C. 5.5
D. 11


Answer: A

Economics

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Consumer surplus is the:

A) difference between the buyer's reservation value and the price he actually pays. B) product of a buyer's reservation value and the price he actually pays. C) sum of a buyer's reservation value and the price he actually pays. D) ratio of a buyer's reservation value to the price he actually pays.

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Fiscal policy tries to influence target variables by manipulating

A) money supply. B) interest rates. C) government expenditures. D) All of the above.

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creation of wealth

What will be an ideal response?

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Income-in-kind is

A) money income. B) received in the form of goods and services. C) income in dollars. D) used to buy goods and services.

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