Refer to the data provided in Table 10.1 below to answer the following question(s).
Table 10.1 Refer to Table 10.1. The marginal revenue product of the fifth worker is
A. $15.
B. $75.
C. $90.
D. $550.
Answer: B
Economics
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In the table above, if the wage rate is $8.00 per hour, the profit-maximizing number of workers is
A) 1. B) 2. C) 4. D) 5.
Economics
Budget projections for 2014-2020 indicate both higher levels of government spending and large budget deficits. According to the Keynesian view, this will lead to
a. an increase in aggregate supply during that decade. b. weak aggregate demand and a continuation of recessionary conditions. c. an increase in aggregate demand and real output. d. higher interest rates and taxes that will retard future growth.
Economics