A firm produces 200 units of a good when it employs 7 workers. The marginal product of the eighth worker is 46 units. If the eighth worker is hired, the firm's total product will increase to:
A) 208 units.
B) 228 units.
C) 246 units.
D) 322 units.
C
Economics
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________ occurs when a foreign firm sells its exports at a lower price than its cost of production
A) Dumping B) The trickle-down effect C) Rent seeking D) Tariff avoidance E) Nontariff barrier protection
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Of the following nations, the country with the highest saving rate is
A) the United States. B) Japan. C) Mexico. D) Ethiopia.
Economics