In the table above, the marginal product of the third unit of labor is ________ units of output
A) 3
B) 4
C) 12
D) 16
A
You might also like to view...
Having the single goal of price stability would make the Fed more subject to political pressure
Indicate whether the statement is true or false
Refer to Table 7-5. Fill in the following table with the opportunity costs of producing bows and arrows for Tran and Farah
Pens Pencils Tran Farah
More water pollution in the United States comes from __________ than any other source
a. factories b. sulfur dioxide (i.e., acid rain) c. cars d. chemicals (used in pesticides and fertilizers) and sewage e. garbage
Reasons for the rapid structural change in financial markets in recent years include all of the following except:
A. globalization. B. technological advances in computing. C. high real interest rates. D. technological advances in communication.