Espresso Yourself Coffee Shop hires workers in a competitive labor market to make coffee. The ingredients required to make each cup of coffee cost 50 cents. The coffee shop's hourly output of coffee varies with the number of workers hired, as shown in the table. Each cup of coffee sells for $2.00. Number ofworkersCoffee(cups/hour)00125245360470575 The value of marginal product of the first worker is ________ per hour.
A. $25.00
B. $1.50
C. $2.00
D. $37.50
Answer: D
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Diseconomies of scale are associated with:
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All economic activity in the underground economy represents the production of illegal goods and services
Indicate whether the statement is true or false
The directive of prompt corrective action means that
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