The above table shows the short-run production function for Albert's Pretzels. The marginal product of labor for the third worker is
A) 6.
B) 8.
C) 24.
D) not known from the information provided.
A
Economics
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Of the following, ________ account(s) for the largest share of imports into the United States
A) food and drinks B) clothing and footwear C) crude oil D) computers E) chemicals
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A short-run aggregate supply curve (SRAS) assumes: a. the CPI is fixed
b. each point on the SRAS is potential real GDP. c. fixed or sticky nominal wages. d. nominal wages vary directly with price changes.
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