Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product0015220332442550655758858956Marginal product is zero when the total product is
A. 58.
B. 5.
C. 0.
D. 56.
Answer: A
You might also like to view...
Flora's Flower Shop bought a new van for $23,000. Today, the market price of this van is $11,000. The economic depreciation of the van is ________
A) $23,000 B) $12,000 C) $11,000 D) $34,000
If full employment GDP is $500 billion greater than equilibrium GDP and there is a deflationary gap of $100 billion, how much is the multiplier?
What will be an ideal response?
Which of the following factors prevents economists from comparing prices over different time periods?
a. Changes in the political and economic scenarios in a particular country b. Changes in consumer earnings c. Changes in the quality and characteristics of different products d. Changes in consumer tastes and preferences
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.PriceQuantityTC$500$10.00$501$20.00$502$27.50$503$77.50$504$147.50$505$250.00According to the table shown, what is the firm's total revenue when 4 units are produced?
A. $160 B. $50 C. $40 D. $200