When Mark recruits a new motor mechanic in his car repair and service workshop, the number of cars serviced in a day increases by five. If the number of servicing orders received by Mark remains the same, it implies that:

a. the marginal physical product of the new motor mechanic is five.
b. the marginal revenue product of the new motor mechanic is zero.
c. the marginal revenue product of the new motor mechanic is five.
d. the marginal physical product of the new motor mechanic is zero.


a

Economics

You might also like to view...

When the United States sends money to Indonesia to help tsunami survivors, in what account is this transaction recorded?

A) the current account B) the capital account C) the financial account D) the foreign exchange account

Economics

The spread between the interest rates on Baa corporate bonds and U.S. government bonds is very large during the Great Depression years 1930-1933. Explain this difference using the bond supply and demand analysis

What will be an ideal response?

Economics

Which of the following economies are most free?

What will be an ideal response?

Economics

According to the Coase theorem, bargaining will bring the contending parties to the correct solution only if the rights are initially assigned to the party causing the externality.

Answer the following statement true (T) or false (F)

Economics