Refer to the data provided in Table 10.3 below to answer the following question(s).
Table 10.3 Refer to Table 10.3. Marginal revenue product of the ________ worker is $1,000.
A. second
B. third
C. fourth
D. fifth
Answer: B
Economics
You might also like to view...
To be accepted as money, an item must perform all of the following functions EXCEPT
A) be a medium of exchange. B) serve as a store of value. C) be easily reproduced. D) serve as a standard of deferred payment.
Economics
The above table shows Homer's utility from boxes of doughnuts. The marginal utility that Homer receives from the third box of doughnuts is equal to
A) 75. B) 25. C) 20. D) 3.
Economics