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Author Question: The market process avoids creative destruction. Indicate whether the statement is true or ... (Read 74 times)

Shelles

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on: Jun 30, 2018
The market process avoids creative destruction.
  Indicate whether the statement is true or false

Question 2

Bob's Baubles, Inc, sells its product for 3 each in a perfectly competitive market. If it increases its workforce from 1,000 to 1,001, its output goes from 615 to 625 per day. Its marginal revenue product for the 1,001st worker is:
 a. 3.
 b. 1, 845.
  c. 30.
 d. 3,003.


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huda

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


Shelles

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Reply 2 on: Jun 30, 2018
Excellent

kswal303

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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