In the table above, the marginal product of the third unit of labor is ________ units of output
A) 3
B) 4
C) 12
D) 16
A
Economics
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Which of the following will decrease the demand for fast-food burger workers' labor?
a. More people start working two jobs and eat more fast food. b. The price of pizza, a substitute for burgers, decreases. c. A new technology allows burgers to be produced faster. d. Workers get additional training that increases productivity. e. Workers form a union and get higher wages.
Economics
A change in demand for milk is caused by a change in the price of milk
Indicate whether the statement is true or false
Economics