In the table above, what is the marginal product of the fifth unit of labor?
A. 80
B. 20
C. -30
D. -10
E. 50
Answer: C
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A(n) __________ is a standardized agreement that calls for the delivery of a specific underlying commodity or security at some future date at a currently agreed-upon price
A) option contract B) swap C) futures contract D) forward contract
According to the above figure, a shortage is shown between which two points?
A) A and E B) C and B C) A and B D) E and F
A U-shaped long-run average cost curve implies that a firm faces only diseconomies of scale.
Answer the following statement true (T) or false (F)
The Gallatin Plan (1808) to provide internal land and water transport in the eastern part of the country was a plan that
(a) called for the federal government to finance and build the transport system. (b) called for the eastern states to join together to finance and build the system. (c) called for private financing and building with some federal government assistance in coordinating and planning the transport system. (d) relied primarily on city and county governments to provide the bulk of the financing and building of the transport system.