In the above table, what is the marginal physical product of worker 2?
A) 10
B) 18
C) 11
D) 9
C
Economics
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Explain why the long-run average cost is typically U shaped.
What will be an ideal response?
Economics
In the new Keynesian model, an ________ increase in productivity will impact ________
A) unanticipated; both aggregate demand and aggregate supply B) anticipated; both aggregate demand and aggregate supply C) anticipated; aggregate demand, but not aggregate supply D) unanticipated; aggregate demand, but not aggregate supply
Economics
How does a competitive firm's demand for labor react to a specific tax on each unit of output it sells?
What will be an ideal response?
Economics
When a country allows trade and becomes an exporter of goods consumers gain more than producers lose
a. True b. False Indicate whether the statement is true or false
Economics