John Amaker owns orange groves and hires pickers for a two-week period as shown in Table 7-3.Table 7-3
Pickers
Oranges Picked
1
1,000
2
2,000
3
3,000
4
3,900
5
4,700
6
5,400
7
6,000
8
6,200
9
6,000
In Table 7-3, the marginal physical product of the fifth picker is
A. 4,700.
B. 900.
C. 800.
D. 3,900.
Answer: C
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Refer to the information provided in Figure 27.4 below to answer the question(s) that follow.
Figure 27.4Refer to Figure 27.4. A higher price level with higher unemployment would result in
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