Author Question: Look at the production schedule of the Widget Company below: Number of workers 0 1 2 3 4 5 ... (Read 70 times)

arivle123 · **on:** Jun 30, 2018

Look at the production schedule of the Widget Company below:

Number of workers 0 1 2 3 4 5
Number of widgets 0 12 22 30 36 40

What is the marginal product of the second worker?
A) 8
B) 10
C) 12
D) 22

Question 2

Points to the right of the IS schedule indicate that

a. investment plus government spending will exceed saving plus taxes.
b. the amount of money supplied exceeds the amount of money demanded.
c. saving plus taxes will exceed investment plus government spending.
d. the amount of money demanded exceeds the amount of money supplied.