If 6 workers can wash 42 cars a day and 7 workers can wash 50 cars a day, then the marginal product of the 7th worker equals
A) 7.1 cars a day.
B) 7 cars a day.
C) 42 cars a day.
D) 50 cars a day.
E) 8 cars a day.
E
You might also like to view...
The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
If devaluation does not improve the BOT, but only the BOP, this implies that
A) the capital account is in deficit. B) the current account is in surplus. C) the improvement comes in the capital account. D) Both B and C.
Since wages fell by more than prices, Civil War laborers were better off
Indicate whether the statement is true or false
Which of the following markets are competitive enough to be treated as perfectly competitive?
A all of the above B Agricultural markets C Copper D The U.S. airline industry E Coal, iron, tin and lumber