Look at the production schedule of the Widget Company below:
Number of workers 0 1 2 3 4 5
Number of widgets 0 12 22 30 36 40
What is the marginal product of the second worker?
A) 8
B) 10
C) 12
D) 22
B
Economics
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Tax multiplier:
What will be an ideal response?
Economics
Refer to the accompanying figure. If this economy is currently producing at point C, then the opportunity cost of providing 100 additional units of medical care would be:
A. 100 warheads. B. 400 warheads. C. 800 warheads. D. 200 warheads.
Economics