The above figure shows the short-run production function for Albert's Pretzels. The marginal productivity of labor equals the average productivity of labor
A) for all levels of labor.
B) at none of the levels of labor.
C) only for the first worker.
D) only for the fifth worker.
C
Economics
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The general approaches to global poverty reduction include all of the following except
A. Within-nation redistribution of income. B. Economic growth. C. Government growth. D. Across-nation redistribution of income.
Economics
Suppose some firms exit an industry characterized by monopolistic competition. We would expect the demand curve of a firm already in the industry to
A. shift to the right. B. shift to the left. C. become less elastic. D. remain the same since entering firms serve other customers in the market.
Economics