Alan Jones owns a company that sells life insurance. When he employs 10 salespersons his firm sells $200,000 worth of contracts per week, and when he employs 11 salespersons, total revenue is $210,000 . The marginal revenue product of the 11th salesperson is:

a. $20,000.
b. $410,000.
c. $210,000.
d. $10,000.


d

Economics

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A. sell government securities to reduce reserves. B. sell government securities to increase reserves. C. purchase government securities to increase reserves. D. purchase government securities to reduce reserves.

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Answer the following statement true (T) or false (F)

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Refer to the information provided in Figure 2.5 below to answer the question(s) that follow. Figure 2.5Refer to Figure 2.5. For this economy to move from Point A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.

A. exactly 20 B. more than 20 C. fewer than 20 D. exactly 90

Economics