Based on the above table, what is the marginal product of the 6th worker hired at Jefferson's Cleaners?
A) 10 suits per day
B) 11 suits per day
C) 14 suits per day
D) 84 suits per day
B
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What happens to the equilibrium price and quantity of automobile tires if rubber prices increase and the price of automobiles falls?
A) The equilibrium price rises, but the change in equilibrium quantity is unknown. B) The equilibrium price and quantity decrease. C) The equilibrium price falls, but the change in equilibrium quantity is unknown. D) The equilibrium price and quantity increase. E) The equilibrium quantity decreases, but the change in equilibrium price is unknown.
The market value of final goods and services produced within a country during a period of time is called:
A. government documented production. B. guaranteed direct prices. C. gross domestic product. D. general domestic productivity.