Refer to the above table. If the price of the good produced is $5, the marginal revenue product of the 5th worker is
A) $3350.
B) $670.
C) $500.
D) $100.
C
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Rapid growth of the money supply might seem appropriate to ________ economists, because ________
A) Keynesian; it can hasten the economy's return to a long-run equilibrium B) Keynesian; the resulting inflation will have no effect on real output C) classical; stabilizing fluctuations contributes to long-run growth D) classical; it will make prices more flexible E) none of the above
In any given year, many people at the tails of the income distribution are only there temporarily _____
a. because of changes in the tax code b. making it difficult to track them for determining progressivity c. thereby overstating the progressive nature of the tax system d. making it important to look at the progressivity of the tax system in terms of lifetime income
Joe has just retired and would like to convert some of his savings into an annuity that will pay him an equal amount each year for the next 5 years. If the current interest rate is 5.75%, how much money will he have to invest in order to receive $30,000 a year?
What will be an ideal response?
The employment/population ratio is the number of persons employed divided by the number of persons
a. in the labor force. b. unemployed. c. employed plus the number unemployed. d. in the civilian population age 16 and over.