Refer to the below table. What is the marginal revenue product of the fifth worker?
A. $160
B. $400
C. -$800
D. $2
C. -$800
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Jennifer is the only employee of her sole proprietorship. She is entertaining the idea of hiring an additional employee. She knows that on her own she can produce 100 units per day
Jennifer figures that Applicant A will help her produce 175 units per day whereas Applicant B will help her produce 155 units per day. Which of the following statements is most accurate? A) Applicant B has a marginal product of 75 units. B) Applicant B has an average product of 77.5 units. C) Applicant A has a marginal product of 75 units. D) Applicant A has an average product of 87.5 units.
The deficit in the U.S. current account in recent years has been reinforced by a deficit in the U.S. capital account
Indicate whether the statement is true or false
The business structure that receives some of the benefits of corporations and of partnerships without some of the drawbacks of typical corporation creation is known as a
a. sole proprietorship b. general and limited partnership c. subchapter S corporation d. C corporation e. limited liability corporation or partnership
Backward induction involves:
A. thinking forward and working backward. B. starting with the last choice and working backward to determine an optimal strategy. C. a process of analyzing a problem in reverse. D. All of these statements are true.