Based on the data in the table above, what is the average product of labor when Decent Donuts employs five workers?
A) 16.66 dozen donuts per day
B) 17.2 dozen donuts per day
C) 20 dozen donuts per day
D) 22 dozen donuts per day
B
You might also like to view...
Kelly has received a $50 check from her Grandparents to help with her expenses at college. She has narrowed her choices of how to spend the money to three: a new backpack, a dinner out with a friend, a fleece vest. Of these she likes the vest best and the backpack least. What is her cost of buying the fleece vest?
a. $50. b. A new backpack. c. A dinner out with a friend. d. Nothing since the money was a gift to her.
In a steady-state economy with no population growth, capital per worker is 86, the saving rate is 25 percent, and the depreciation rate is 11 percent. The level of output per worker is ________
A) 195 B) 38 C) 35 D) 47
Compared to the Gini coefficient for income distribution, the value of the Gini coefficient for the distribution of wealth would be
a. higher. b. lower. c. zero. d. nearly identical.
The distribution of income has become more equal since 1929
a. True b. False Indicate whether the statement is true or false