Refer to the given data. The marginal revenue product of the second worker is:
A. $16.
B. $32.
C. $8.
D. $4.
A. $16.
Economics
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The textbook asserts that banks create money themselves. How?
A) Banks have their own printing presses, which is permitted by the Fed. B) Banks are allowed to reach well into their required reserves as long as they can demonstrate that it would be profitable to do so. C) Banks, when lending out their excess reserves, unleash a process that can increase the money supply through the deposit expansion multiplier. D) For all of the above reasons.
Economics
Underproduction of good ________ create a deadweight loss and overproduction of a good ________ create a deadweight loss
A) will; will B) will; will not C) will not; will D) will not; will not
Economics