Given the production function q = 1.37LK, what is the marginal product of labor?

A) 1.37
B) 0
C) 1.37K
D) Cannot be determined with the information given.

C

Economics

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The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for computer manuals after technological advances in making computers occur?

A) Graph A B) Graph B C) Graph C D) Graph D

Economics

Utility is defined as the:

A. sense of pleasure or satisfaction derived from consuming goods and services. B. cost of acquiring goods and services. C. profits consumers earn from consuming goods and services. D. monetary value to consumers of goods and services.

Economics