OutputTotal RevenueTotal Cost0$0$501407428094312011741601425200172Refer to the above table. The marginal revenue from the third unit of output is:
A. $120.
B. $50.
C. $160.
D. $40.
Answer: D
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TQM means
A) total quiet management. B) total quality maneuvers. C) total quality management. D) totally quiet motion. E) totally quality means.
The purchase of a virtual item from an online company with a virtual currency causes the nation's:
a. Monetary base to remain the same. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to rise.
You won the lottery in 2006 for $22 million and gave your sister $500,000. Your winning contributed how much to GDP?
A. $500,000 B. $22 million C. $0 D. $21.5 million
Refer to the following graph. The price of capital (r) is $20.
If, at the optimal combination of inputs for producing 14,000 units of output, the marginal product of capital is 40, what is the marginal product of labor?
A. 80 B. 60 C. 40 D. 27.7 E. impossible to tell from the graph