Number of workersUnits of output0012525539541255150Refer to Table 5.2, which gives a firm's production function. Assume that all non-labor inputs are fixed. The marginal product is maximized when the firm hires:
A. 2 workers.
B. 3 workers.
C. 4 workers.
D. 5 workers.
Answer: B
Economics
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Net exports are negative when:
A. a nation's imports exceed its exports. B. the economy's stock of capital goods is declining. C. depreciation exceeds domestic investment. D. a nation's exports exceed its imports.
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