Refer to the information provided in Figure 7.4 below to answer the question(s) that follow. 
Figure 7.4Refer to Figure 7.4. The marginal product of the third worker is
A. 10.
B. 28.67.
C. 32.
D. 42.
Answer: A
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The table above gives information about the labor market in Lantis, a community in which the labor market is perfectly competitive
If the demand for labor decreases by 200 hours per day, the equilibrium wage rate falls to ________ an hour and the quantity of labor employed ________ hours per day. A) $10; remains at 400 B) $10; decreases to 300 C) $20; increases to 400 D) $5; remains at 200
The slope of a horizontal line is infinite, and the slope of a vertical line is zero
a. True b. False Indicate whether the statement is true or false
Countries that came together by treaty to form the General Agreement on Tariffs and Trade (GATT) agreed to treat all members equally with respect to trade, impose high tariffs on non-GATT countries, and impose low import quotas on non-GATT countries
Indicate whether the statement is true or false
What incentive do manufacturers have to sell their products?
What will be an ideal response?