Refer to the data provided in Table 10.3 below to answer the following question(s).
Table 10.3
Refer to Table 10.3. Marginal revenue product of the ________ worker is $480.
A. second
B. third
C. fourth
D. fifth
Answer: D
Economics
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If a firm experiences positive technological change, it is able to produce more output using the same inputs
Indicate whether the statement is true or false
Economics
If the nominal GDP of a country increases by 25 percent in 5 years but real GDP remains more or less stable, it implies that the growth in nominal GDP was due to an increase in _____
a. total fiscal spending b. the rate of investment c. the amount of exports d. the rate of inflation
Economics
If the MPC = 0.75, then the government purchases multiplier is about
a. 1.33. b. 7. c. 4. d. 3.
Economics
Which of the following is an aspiration of what the organization wants to become in the future?
Mission Vision Values Goals
Economics