In the above table, if this is a perfectly competitive firm and the market price of the product is $10, what is the marginal revenue product of worker 4?
A. $411
B. $100
C. $210
D. $120
Answer: B
Economics
You might also like to view...
Explain the differences between "human capital," "financial capital," and "capital."
What will be an ideal response?
Economics
For a competitive market in the long run,
A. Economic profit is positive. B. Economic losses induce firms to shut down. C. Economic profits induce firms to enter until profits are normal. D. Accounting profit is zero.
Economics
The type of advertising that emphasizes the features of its product is
A) informational advertising. B) persuasive advertising. C) search advertising. D) experience advertising.
Economics
Human capital shortages are not a barrier to economic growth in developing countries.
Answer the following statement true (T) or false (F)
Economics