Use the table below to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product0015220332442550655758858956With the addition of the second unit of input, the marginal product is ________ and the average product is ________.
A. 10; 15
B. 15; 20
C. 25; 10
D. 15; 10
Answer: D
You might also like to view...
Angelina, age seven, decides to dress up like Princess Fiona for Halloween. What is the opportunity cost of her decision?
A) the cost of the costume B) zero, because seven-year-olds don't have opportunity costs C) the fact that she can't dress up like Dora the Explorer, her second choice D) the cost of the Lady Gaga costume which she did not want
A point inside a nation's production possibilities curve can represent:
a. a recession. b. an increase in population size. c. an economic growth. d. a technological advancement. e. an improvement in living standards.
The first piece of antitrust legislation in the United States to deal with price discrimination was the
a. Clayton Act b. FTC Act c. Cellar-Kefauver Act d. Robinson-Patman Act e. Sherman Antitrust Act
If the CPI was 180 at the end of 2007, and 216 at the end of 2008, the inflation rate in 2008 was
A) 216 percent. B) 36 percent. C) 18 percent. D) 20 percent. E) 16.67 percent.