In the above table, what is marginal product of labor for the 5th worker?
A) 10
B) 14
C) 9
D) 11.2
A
You might also like to view...
When consumption of a good creates positive externalities,
a. the private demand curve shifts rightward b. the private demand curve shifts leftward c. the private demand curve is below the marginal social benefit curve d. the private demand curve is above the marginal social benefit curve e. the equilibrium quantity determined by the free private market is too high
A country that wants to create the highest level of economic integration would enter into a(n) Multiple Choice common market. free trade area. economic union. political union. customs union.
A. common market. B. free trade area. C. economic union. D. political union. E. customs union.
If you have a checking account at Citibank, the account is a liability of the bank.
Answer the following statement true (T) or false (F)
When the price of one good decreases, the associated substitution effect is represented by a:
A. move along a given indifference curve holding real income constant. B. move from one indifference to a lower indifference curve since real income is now lower. C. move from one indifference to a higher indifference curve since real income is now higher. D. move along a given indifference curve since real income increases.