Refer to the data provided in Table 10.2 below to answer the following question(s).
Table 10.2
Refer to Table 10.2. Marginal revenue product of the ________ worker is $250.
A. second
B. third
C. fourth
D. fifth
Answer: B
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What will be an ideal response?
Think of the quantity theory of money: If V = 5, P = 100, and Q = 10, then M is
a. 20 b. 10 c. 500 d. 1,000 e. 200
The production function shows the relationship between the price and the quantity of a good
a. True b. False Indicate whether the statement is true or false
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a. positive relation between the real interest rate and investment. b. negative relation between the real interest rate and investment. c. positive relation between the real interest rate and saving. d. negative relation between the real interest rate and saving.