The above figure shows the short-run production function for Albert's Pretzels. The marginal productivity of labor for the third worker is
A) 6.
B) 8.
C) 24.
D) not known from the information provided.
A
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Based on this figure, if the official value of krone is fixed at $0.09 per krone, then the Norwegian krone is ________ and the international reserves of Norway will ________ krone per period. 
A. overvalued; decrease by 5,500 B. undervalued; increase by 2,000 C. undervalued; increase by 5,500 D. overvalued; decrease by 2,000
Figure 3-15
Refer to . Which area represents producer surplus when the price is P2?
a.
BCE
b.
ACF
c.
ABED
d.
AFEB
Which of the following would decrease the price of packaged hot dogs?
A. A decrease in the price of hot dog buns, a complement to packaged hot dogs. B. An increase in the price of hamburger meat, a substitute for packaged hot dogs. C. A technological advance that lowers the cost of producing packaged hot dogs. D. An increase in the price of beef used to produce packaged hot dogs.
An important source of structural unemployment is
A. people looking for the right job decide to change jobs. B. recessions. C. seasonal variations in aggregate demand. D. unemployment insurance benefits.