If the units of variable input in a production process are 1, 2, 3, 4, and 5, and the corresponding total outputs are 30, 34, 37, 39, and 40, respectively. The marginal product of the fourth unit is:
a. 1.
b. 37.
c. 2.
d. 39.
c
Economics
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Which of the following most resembles a perfectly competitive market?
A. The stock market B. The publishing industry C. The steel industry D. The new car market
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Deterrence quantity is always equal to the zero profit quantity.
Answer the following statement true (T) or false (F)
Economics