If 6 workers can wash 42 cars a day and 7 workers can wash 50 cars a day, then the marginal product of the 7th worker equals
A) 7.1 cars a day.
B) 7 cars a day.
C) 42 cars a day.
D) 50 cars a day.
E) 8 cars a day.
E
Economics
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Price elasticity
A) is impossible to calculate. B) can only be calculated with the experience of management. C) can be calculated with PIMS data. D) none of these choices.
Economics
In calculating the unemployment rate, part-time workers are:
A. Counted as unemployed because they are not working full-time B. Counted as employed because they are receiving payment for work C. Used to determine the size of the labor force, but not the unemployment rate D. Treated the same as "discouraged" workers who are not actively seeking employment
Economics