Refer to the information below. It is clear that diminishing returns sets in after ________ workers per day.Number ofWorkers Per DayOutputPer Day0011328315424532639
A. 3
B. 4
C. 5
D. 6
Answer: B
You might also like to view...
List some benefits of international trade
The amount of goods and services that a person can produce in a given time is called
a. labor input b. labor intensive c. labor output d. labor productivity
Megan used to work at the local pizzeria for $15,000 per year but quit in order to start her own deli. To buy the necessary equipment, she withdrew $20,000 from her inheritance (which paid 8 percent interest). Last year she paid $25,000 for ingredients and $500 per month rent but had revenue of $50,000. She asked her dad the accountant and her mom the economist to calculate her costs for her.
A. Dad says her cost is $25,000 and Mom says her cost is $16,600. B. Dad says her cost is $31,000 and Mom says her cost is $35,000. C. Dad says her cost is $9,000 and Mom says her cost is $2,400. D. Dad says her cost is $31,000 and Mom says her cost is $47,600.
To close a recessionary gap the policy should be to
A. raise G and raise taxes. B. lower G and lower taxes. C. raise G and lower taxes. D. lower G and raise taxes.