In the above table, what is the marginal factor cost of the 6th worker?
A. $20
B. $18
C. $30
D. $120
Answer: C
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Suppose the equilibrium rent in Denver is $1,050. A rent ceiling of $755 per month leads to
A) a surplus of apartments in Denver. B) a shortage of apartments in Denver. C) no change in the Denver apartment market. D) fair prices in the Denver market. E) compared to the situation at the equilibrium rent, a decrease in the quantity of apartments demanded and an increase in the quantity of apartments supplied.
The standard method of determining fair market value is called the comparable sales method
Indicate whether the statement is true or false
Examples of nonprice competition include advertising and product differentiation
a. True b. False Indicate whether the statement is true or false
an increase in marginal tax rates will
What will be an ideal response?