In the above table, what is marginal product of labor for the 2nd worker?

A) 20
B) 8
C) 10
D) 12

D

Economics

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Consumer goods that are produced, go into inventory, and are not sold during the current period are

a. counted as intermediate goods and so are not included in current period GDP. b. counted in current period GDP only if the firm that produced them sells them to another firm. c. included in current period GDP as inventory investment. d. included in current period GDP as consumption.

Economics

The equilibrium rate of interest in the market for money is determined by the intersection of the:

A. supply-of-money curve and the asset-demand-for-money curve. B. supply-of-money curve and the transactions-demand-for-money curve. C. supply-of-money curve and the total-demand-for-money curve. D. investment-demand curve and the total-demand-for-money curve.

Economics