Refer to the table above. What is the marginal product of the third worker?

A) 60 pairs of shoes
B) 68 pairs of shoes
C) 112 pairs of shoes
D) 180 pairs of shoes

B

Economics

You might also like to view...

Which of the following cultural events likely increased the demand for the associated product?

A) the banning of cigarette advertising on television B) the inclusion of Reese's Pieces in the movie E.T. C) increased environmental awareness about the impacts of sport utility vehicles (SUVs) D) concerns over "Mad Cow" disease in beef

Economics

Which of the following is not a disadvantage of a proprietorship?

A) how profits are taxed B) ability to raise capital C) unlimited liability D) the disposition of the firm when the owner dies

Economics