Use the following table to answer the question below: The amount of total output produced from various combinations of labor and capital. 
If the amount of labor used increases from three to four units, the marginal product of the second unit of capital
A. decreases by 49 units.
B. increases by 49 units.
C. decreases by 14 units.
D. increases by 8 units.
E. none of the above
Answer: D
You might also like to view...
A seller is willing to sell 5 units of a good at a minimum price of $1 per unit. The reservation value of the seller in this case is:
A) $1. B) $5. C) $6. D) $10.
In a collusive agreement between two duopolists in an oligopoly, each firm has an incentive to cheat on the agreement because the firm's price
A) exceeds its marginal cost. B) exceeds its marginal revenue. C) is less than its average total cost. D) None of the above answers is correct.
Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars SoldTrucks SoldLarry105Joe99Ralph312 Based on last month's data, ________ has an absolute advantage in selling cars and ________ has an absolute advantage in selling trucks.
A. Joe; Joe B. Larry; Joe C. Larry; Ralph D. Ralph; Larry
A market structure in which only one seller sells a product for which there are no close substitutes is called a
a. cartel b. oligopoly c. monopoly d. trust