The marginal product of any input is the
a. increase in total cost associated with a one-unit increase in production.
b. change in total output associated with a $1.00 increase in total cost.
c. increase in total cost resulting from the hiring of an additional worker.
d. increase in total output obtained from one additional unit of that input.
d
Economics
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If Kate pays an average tax rate of 12.5% and her total income is $34,000, she pays ________ as tax
A) $5,500 B) $17,000 C) $4,250 D) $3,200
Economics
According to your text, the plans of all buyers and sellers would always be perfectly coordinated under
A) perfectly competitive market conditions. B) imperfectly competitive market conditions. C) monopolized market conditions. D) oligopolized market conditions. E) any market condition.
Economics