Use the following table to answer the next question.OutputATC Plant 1ATC Plant 2ATC Plant 3ATC Plant 41,500$10$15$20$302,00081217252,50091015203,00012813183,50015611164,00018109144,50020127125,000241511105,50029191386,0003525159Plant sizes get larger as you move from Plant 1 to Plant 4. In the long run, the firm should use Plant 3's size for what level of output?

A. Less than 3,000 units
B. 4,000 to 4,500 units
C. 3,000 to 3,500 units
D. 5,000 to 5,500 units


Answer: B

Economics

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Given the production function q = 1.37LK, what is the marginal product of labor?

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If many people were to suddenly deposit into their checking accounts large sums of cash previously held in their homes and/or wallets, and there were no offsetting actions by the Fed or change in institutional policies, this would

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Economics