An avocado orchard employs five full-time workers. Currently, the average product of labor is 120 pounds of avocados per day. The orchard hires a 6th full-time worker and his marginal product is 150 pounds of avocados
The average product of the six workers will now be
A) equal to 120 pounds. B) greater than the marginal product of labor.
C) more than 120 pounds. D) less than 120 pounds.
C
Economics
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In one day, Sue can change the oil on 20 cars or change the tires on 20 cars. In one day, Fred can change the oil on 20 cars or change the tires on 10 cars. Sue and Fred can gain from trade if Sue changes the ________ and Fred changes the ________
A) tires; oil B) oil; oil C) oil; tires D) tires; tires
Economics
What is the midpoint formula for calculating a percentage change?
What will be an ideal response?
Economics