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Author Question: Using the data in the above table, if the firm employs 5 workers, total product (measured in units ... (Read 38 times)

mckennatimberlake

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Using the data in the above table, if the firm employs 5 workers, total product (measured in units per day) and average product and marginal product of the fifth worker (measured in units per worker) are
 
  A) 23, 5.00, and 4 respectively.
  B) 23, 5.75, and 4 respectively.
  C) 25, 5.00, and 2 respectively.
  D) 25, 5.75, and 4 respectively.

Question 2

In June 2008, 1 bought 0.5 pounds and in October, 1 bought 0.65 pounds. As a result of this change, ________ between June and October.
 
  A) the demand for dollars increased
  B) the dollar appreciated and the quantity of dollars demanded decreased
  C) the dollar depreciated and the quantity of dollars demanded decreased
  D) the demand for dollars decreased



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lcapri7

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Answer to Question 1

C

Answer to Question 2

B




mckennatimberlake

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


bulacsom

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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