At the Pampered Pet Salon the marginal products of the first, second, and third workers are 50, 36, and 25 dogs washed, respectively. The total product (number of dogs washed) of the three workers is

A. 50.
B. 86.
C. 107.
D. 111.

Answer: D

Economics

You might also like to view...

Which of the following functions are performed by depository institutions?

I. They make long-term loans using short-term deposits, thereby creating liquidity. II. They efficiently gather funds from a large base of depositors. III. They concentrate risk. A) I only B) II only C) III only D) I and II

Economics

Working fewer hours to reduce your tax burden is tax evasion.

A. True B. False C. Uncertain

Economics