Refer to the above table. If the price of the good produced is $9, the marginal revenue product of the 13th worker is
A) $810
B) $360
C) $6840
D) $630
D
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Are the short-run and long-run average cost curves U-shaped for the same reason? Explain
What will be an ideal response?
Modern Keynesians believe the government should use a policy of laissez faire to address a recession.
Answer the following statement true (T) or false (F)
In an open economy, an increase in the government's budget deficit will ________ the domestic real interest rate and ________ the level of capital investment in the country, holding other factors constant.
A. decrease; decrease B. increase; decrease C. increase; increase D. decrease; increase
Suppose that Jacob is going to a buffet restaurant that allows him to eat as many chicken wings as he wants at a fixed price. How would you predict the number of chicken wings that Jacob will eat using utility theory?
What will be an ideal response?