If a firm increases the number of workers from 32 to 33 and the total wages paid rise from $112,000 to $121,000, the marginal wage of the 33rd worker is
A. $121,000.
B. $9,000.
C. $273.
D. $3,667.
Answer: B
You might also like to view...
The pattern of protection in industrial countries is particularly harmful to the interests of
A) low-income developing countries. B) high-income industrial countries. C) Asian nations. D) European nations. E) None of the above.
If the supply for loanable funds shifts to the left, then the equilibrium interest rate
a. and quantity of loanable funds rises. b. and quantity of loanable funds falls. c. rises and the quantity of loanable funds falls. d. falls and the quantity of loanable funds rises.
Which of the following is not one of the five fundamental questions that an economy must deal with?
What will be an ideal response?
Of the following, which is the best example of good with a perfectly inelastic demand?
A) the demand for tickets in New York City when the Mets or Yankees are in the World Series B) the demand for gasoline C) a diabetic's demand for insulin D) the demand for a college education by a student who has a full scholarship to an Ivy League school