In the above table, the marginal product of the second worker is
A) 1.
B) 2.
C) 3.
D) 4.
D
Economics
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Trade restrictions like tariffs and quotas will
a. protect American jobs and increase employment. b. ensure that more dollars stay in the United States. c. reduce the value of goods and services that we will be able to produce and consume. d. make all Americans better off.
Economics
Science is justified through heuristic models.
Answer the following statement true (T) or false (F)
Economics
The combining of First Union National Bank and The National Bank of Memphis is an example of
A) a vertical merger. B) a horizontal merger. C) a downstream formation. D) a conglomerate merger.
Economics
Establishing a list of favored customers is an alternative rationing mechanism to price rationing.
Answer the following statement true (T) or false (F)
Economics