Refer to the below table and information. What is the marginal revenue product of the fifth worker?
Refer to the above table and information. What is the marginal revenue product of the fifth worker?
A. $6
B. $7
C. $8
D. $9
D. $9
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Expectations that the price level will decrease in the future will _____
a. make the current consumption function flatter b. shift the current consumption function downward c. result in an upward movement along the current consumption function d. result in a downward movement along the current consumption function e. make the current consumption function steeper
If aggregate spending in an economy can be written as Y = 15,000 + 0.6Y - 20,000r, and potential output equals 36,000, what real interest rate must the Federal Reserve set to bring the economy to full employment?
A. 4 percent B. 5 percent C. 2 percent D. 3 percent