The above table shows the short-run total product schedule for the campus book store. What is the marginal product (MP) of going from 5 to 6 employees at the book store?
A) 83 books sold
B) 13.83 books sold
C) 10 books sold
D) between 11 and 14 books sold
C
Economics
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The relative price of goods in two countries is known as the ________
A) nominal exchange rate B) real exchange rate C) domestic price level D) real interest rate
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Any point inside the production possibility curve is:
a. efficient. b. nonfeasible. c. inefficient. d. optimal.
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In the circular flow model, households provide all of the following resources to firms except
a. labor b. money c. capital d. entrepreneurship e. land
Economics