Refer to the above table. What is the marginal factor cost when the firm employs the second unit of labor?
A. $21
B. $38
C. $36
D. $19
Answer: A
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Liquidity refers to
A) the number of times a dollar changes hands in the creation of GDP in an economy. B) the number of shares of stock a corporation issues. C) the ease with a stock can be traded for a bond. D) the ease with which a financial security can be traded for cash.
The budget line should swivel to the right if
A) The price of ice cream cones went up B) the price of ice cream cones went down C) the price of ice cream sandwiches went up D) the price of ice cream sandwiches went down
Explain how the AD curve can be derived from the IS-MP model
What will be an ideal response?
According to the text, large slave plantations were _____ efficient than farms without slaves because (among several reasons) _______
a. more, the intensity per hour with which slaves worked was high b. more, large plantation owners used political power to control the best land c. less, free men worked harder than slaves d. less, slaves frequently sabotaged production