Refer to the above table. If the price of the product is $1.50, what is the marginal revenue product of the 12th worker?

Refer to the table above. Suppose that in normal years demand is represented by Case 2 and supply is represented by Case B

If there is exceptionally good growing weather in the wapanzo bean growing region then supply will ________ and demand will ________. A) become case C; become case 1 B) become case C; stay at case 2 C) become case C; become case 3 D) stay at case B; become case 1

New classical macroeconomists believe that

a. markets clear each and every period. b. the labor market does not clear. c. individuals are locked into money wage constraints. d. individuals face market constraints in their ability to act in their own self-interest. e. none of the above.