Refer to the below table and information. What is the marginal revenue product of the fifth worker?

Refer to the above table and information. What is the marginal revenue product of the fifth worker?







A. $6



B. $7



C. $8



D. $9


D. $9

Economics

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Consider two similar economies hit by the same temporary negative supply shock. In the economy with the more credible monetary policy, there will be ________

A) smaller increases in both inflation and the real interest rate B) a smaller increase in inflation and larger increase in the real interest rate C) a smaller increase in inflation and larger decrease in output D) a smaller increase in output and larger increase in the real interest rate

Economics

When the Fed buys Treasury securities

A) the budget deficit declines. B) the money supply decreases. C) the money supply increases. D) profits are maximized.

Economics

On the diagram to the right a movement from A to B (downward movement on the demand curve) represents a

A. decrease in demand B. change in demand C. change in quantity demanded D. movement up the demand curve

Economics

An effective price ceiling will be set above the equilibrium price.

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

Economics