Using the data in the above table, what is the marginal product of the second worker?

A) 4.5 pizzas per hour
B) 4 pizzas per hour
C) 5 pizzas per hour
D) The marginal product is undefined.


B

Economics

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If the absolute value of the price elasticity of demand for a product is greater than 1, then

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In the long run, a profit-maximizing monopolistically competitive firm sells at a price that is:

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Economics