Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is $4, what is the value of marginal product of the second worker?

A) $80
B) $20
C) $30
D) $180

A

Economics

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Refer to Table 4-1. The table above lists the highest prices three consumers, Curly, Moe, and Larry, are willing to pay for a bottle of champagne. If the price of one of the bottles is $27 dollars, total consumer surplus will be

A) $0. B) $14. C) $26. D) $53.

Economics

A depreciation of the exchange rate is most likely to be celebrated by ________

A) exporters B) consumers C) central bankers D) importers

Economics