If the marginal revenue product of the fifth worker is $15, the price of the last unit of output produced is $5, and the firm sells as a price searcher, then the marginal product of the fifth worker is
a. 3 units of output
b. 45 units of output
c. fewer than 3 units of output
d. greater than 3 units of output
e. greater than 75 units of output
D
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If the required reserve ratio decreases, the
According to the text, the probability of an unemployed person finding a job doubles when
A) his unemployment benefits expire. B) the economy enters a recessionary phase. C) his unemployment benefits are extended. D) he is threatened with arrest.
The resource curse is:
A. the curse that countries that have an abundance of resources tend to have lower economic growth compared to countries with fewer natural resources. B. the curse of many developing countries-they have few natural resources and their economies cannot grow. C. the curse that countries that have fewer resources tend to have lower economic growth compared to countries with abundant natural resources. D. an economic theory that has yet to be developed because there are no examples in the real world.
Refer to the information provided in Figure 13.2 below to answer the question(s) that follow. 
Figure 13.2 Refer to Figure 13.2. The marginal revenue of the fourth pound of cheese is
A. $1. B. $3. C. $6. D. $24.