Sun's Gas Station is a firm operating in a perfectly competitive industry. Sun's Gas Station sells each gallon of gas for $3. What is the marginal product from hiring the fourth worker?
A) 70 gallons of gasoline
B) 280 gallons of gasoline
C) 40 gallons of gasoline
D) 80 gallons of gasoline
C
Economics
You might also like to view...
The figure above shows a production possibilities frontier. In the figure, the economy faces a tradeoff when ________ cell phones and ________ DVDs. are produced
A) 2 million; 9 million B) 4.5 million; no C) 3 million; 8 million D) 5 million; 15 million E) 3 million; 9 million
Economics
What is a business cycle?
What will be an ideal response?
Economics