According to the above table, the marginal factor cost of the eighth worker is

The present value of a sum of money to be received in future is high if ________

A) the money is invested for a long period of time B) the market rate of interest is low C) the rate of inflation is high D) the future payment is low

Which of the following is not a characteristic of the broiler chicken industry?

A) A significant degree of industry concentration, with the four largest firms producing 40 percent of the industry's output. B) A significant degree of real and subjective product differentiation. C) An inability of individual firms to have any influence market price. D) A significant amount of advertising.