Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (L=6,Q=147) and (L=7,Q=184). The marginal product of the seventh worker is

Schumpeter asserts all of the following except

(a) A strong middle class fosters growth in society's entrepreneurial base. (b) Entrepreneurs are the leading force behind technological advancement. (c) Invention and innovation are unnecessary in a growing economy. (d) Secured property rights encourage risk-taking entrepreneurial behaviors.

The efficient markets hypothesis says that beating the market consistently is

a. impossible. Many studies find that beating the market is, at best, extremely difficult. b. impossible. Many studies find that beating the market is relatively easy. c. relatively easy. Many studies find that beating the market is, at best, extremely difficult. d. relatively easy. Many studies find that beating the market is relatively easy.