In the above table, the marginal product of the 7th worker is 6. What is the total product when 7 workers are employed?

A) 68
B) 70
C) 72
D) 76

B

Economics

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Over time, countries grow in a fashion so that their production possibility frontiers always retain the same shape

Indicate whether the statement is true or false

Economics

Which of the following countries averaged GDP growth (after adjusting for inflation) of at least 5% per year both from 1990 to 2000 and from 2000 to 2008, and therefore, can be grouped into the fast-growth category?

a. Cambodia b. Canada c. Japan d. Jamaica

Economics