Macroeconomics studies the behavior of aggregates while microeconomics studies the behavior of individual decision-making units

When corporate income taxes are increased on competitive industries, the increase _____

a. will have the largest effect on firms with elastic demands b. will have the largest effect on firms with inelastic demands c. will be evenly distributed between stockholders and customers d. will have zero effect

Refer to the above table. If the price of the good produced is $5, the marginal revenue product of the 5th worker is

A. $100. B. $3350. C. $500. D. $670.