If the wage rate paid to a flour mill worker is $75 and the marginal product of a mill worker is 50 pounds of flour, this means that for each additional dollar spent on labor, there is a gain of ________ pounds of flour.

A) 3 B) 0.33 C) 1.5 D) 0.67


D) 0.67

Anthropology & Archaeology

You might also like to view...

Which of these is an example of a codified law?

A) paying according to your tax bracket B) saying the pledge of allegiance C) testifying in front of a jury D) giving gifts for birthdays

Anthropology & Archaeology

A grasping big toe:

A. is found in all primates except humans B. is rare among primates C. is found only among the anthropoids D. distinguishes Old World from New World monkeys

Anthropology & Archaeology

What seems to be the best explanation for the practice of polyandrous marriage?

a. Grooms' families save money by only needing bridewealth once. b. It increases population growth. c. It keeps the family land holdings together. d. All of these are explanations for polyandry.

Anthropology & Archaeology

A nucleotide is composed of:

A. a five-carbon sugar B. a phosphate C. a nitrogenous base D. all of these

Anthropology & Archaeology