Marginal product is:
A. total product divided by the number of workers employed.
B. the increase in total cost attributable to the employment of one more worker.
C. the increase in total output attributable to the employment of one more worker.
D. the increase in total revenue attributable to the employment of one more worker.
Answer: C
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If the market value of a firm is $6 billion and the replacement cost of installed capital is equal to $3 billion, then Tobin's q is equal to ________
A) 9 B) 3 C) 18 D) 2
In the monopoly market structure, new firms
a. cannot profitably enter the industry, even in the long run b. may freely enter and leave the industry in both the short run and the long run c. may freely enter and leave the industry in the long run only d. may freely enter and leave the industry in the short run only e. have no incentive to enter the industry, even if economic profits are present
Which of the following is counted as money?
a. Bonds b. Credit card payments c. Credit card limits d. Currency e. Corporate stock
The primary source of earnings of commercial banks is income derived from
What will be an ideal response?