Refer to the information provided in Figure 18.1 below to answer the question(s) that follow. Figure 18.1Refer to Figure 18.1. The wealthiest fifth of families earned ________% of income in Outland.

Consider the following production table: Labour Capital Output (i) 1,000 1,000 10,000 (ii) 2,002 2,000 20,010 Assuming that the production function displays constant returns to scale, what is the marginal product of labour when labour and capital are both equal to 1,000?

A. 1 B. 5 C. 10 D. 20

The ability of a firm to charge a price greater than marginal cost is called

A) market power. B) monopoly power. C) price-making power. D) cost-plus pricing.