The marginal physical product (MPP) is calculated by
A) dividing total physical product by labor.
B) dividing the change in total physical product by the change in the input.
C) dividing the change in total cost by the change in labor.
D) the difference between the output of skilled and unskilled workers.
B
Economics
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In the table above, what do net exports equal?
A) a deficit of $700 billion B) a deficit of $350 billion C) a surplus of $50 billion D) a surplus of $1,750 billion
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Which of the following is least likely to be considered a firm in an imperfectly competitive industry?
A. Ohio Bell Telephone Company B. the only locally owned and operated bank in Severn, MD C. a wheat farmer in Kansas D. a Burger King in Pittsburgh, PA
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