Refer to Scenario 7.7 below to answer the question(s) that follow. SCENARIO 7.7: A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mow 4, 9, 12, and 14 lawns per day, respectively. Refer to Scenario 7.7. The marginal product of the second worker is

An increase in the level of government price supports for wheat will not make wheat farming more profitable because

A) by definition government actions cannot affect profits. B) it raises the cost of growing wheat as well as the revenue. C) profit is the consequence of certainty and government policies are inherently uncertain. D) the demand for wheat is inelastic. E) wheat farmers are price takers, not price searchers.

Compared to checks, paper currency and coins have the major drawbacks that they

A) are easily stolen. B) are hard to counterfeit. C) are not the most liquid assets. D) must be backed by gold.