Refer to the data. Marginal product becomes negative with the hiring of the __________ unit of labor
.
A. third
B. fourth
C. sixth
D. seventh
D. seventh
You might also like to view...
Momentum investing can be described as
A) consistent with the efficient markets hypothesis. B) similar to mean reversion. C) follow the picks of investors who have been successful in the past. D) the trend is your friend.
Demand for the lithium ion batteries used in the production of Tesla automobiles is
A. derived from the demand for Tesla automobiles. B. unrelated to their productivity. C. an output demand. D. perfectly elastic.
A firm gets less efficient as it gets bigger, if it is experiencing:
a. economies of scale. b. constant returns to scale. c. increasing returns to factors. d. diseconomies of scale. e. a period of post war recovery.
When you buy a hotdog for lunch, you are using money as a
A. store of value. B. medium of exchange. C. unit of accounting. D. standard of deferred payment.