Figure 18-3

In which panel of Figure 18-3 would an excise tax be borne entirely by the consumer?

In year 2000 dollars, per pupil expenditures on education in the United States in 1940 was around _____

a. $500 b. $1000 c. $2000 d. $4000

A firm's total product of labor curve is represented by the following data: 1 worker can produce 4 units of output; 2 workers, 10 units; 3 workers, 17 units; 4 workers, 25 units; 5 workers, 30 units; 6 workers, 35 units; 7 workers, 38 units; 8 workers,

39 units; and 9 workers, 38 units. What is the marginal product of the seventh worker? When does the law of diminishing marginal product set in? Under these circumstances would you ever choose to employ nine workers?