In the above table, what is the marginal physical product of worker 2?
A. 18
B. 9
C. 10
D. 11
Answer: D
You might also like to view...
What is TRUE of the aggregate supply curve in the classical model?
A) The aggregate supply curve is downward sloping. B) The aggregate supply curve is vertical. C) The aggregate supply curve is horizontal. D) The aggregate supply curve is not determined by the level of employment.
One reason that lawyers might prefer a contingent contract when representing a plaintiff in a tort case is that
A) lawyers are risk neutral. B) diversification of many cases allows lawyers to reduce risk. C) lawyers are typically confident about winning every case. D) hourly rates for lawyers are usually very low.
The demand for borrowed funds is
a. directly related to the interest rate. b. inversely related to the growth in gross domestic product. c. a derived demand. d. leads to derived demand for capital goods.
Assuming that rational expectations theory does not hold, if a central banks attempts to reduce the inflation rate what happens to the unemployment rate in the short-run?