Number of Workers Total Product Marginal Product 0 0 --- 1 8 8 2 10 3 25 4 30 5 3 6 34 The marginal product of the fourth worker Multiple Choice
A) is 7 1/2.
B) is 7.
C) is 5.
D) cannot be calculated from the information given.
Answer: C) is 5.
You might also like to view...
In California, proposition 209 eliminated racial preferences in college admissions
Indicate whether the statement is true or false
The lag in realizing that a macroeconomic problem exists is called
A) the recognition lag. B) the implementation lag. C) the impact lag. D) the market lag.
Which of the following is in charge of U.S. aid to foreign countries?
A. Agency for International Development (AID) B. World Bank C. International Monetary Fund (IMF) D. New International Economic Order (NIEO)
Models should:
A. not be applied to microeconomics. B. attempt to include every detail of the situation being studied. C. describe a real life situation accurately. D. attempt to describe a situation with perfect accuracy.