Refer to the above table. If the price of the good produced is $5, the marginal revenue product of the 5th worker is
A) $3350.
B) $670.
C) $500.
D) $100.
C
Economics
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Refer to Figure 4-5. Suppose that instead of a price ceiling, the government imposed a price floor of R1. What is the quantity of apartments demanded at the new price?
A) 0 B) Q0 C) Q1 D) Q*
Economics
Which of the following decreases aggregate supply?
A) discoveries of new raw materials B) an increase in competition C) an increase in training and education D) a decrease in labor supply
Economics