A farm can produce 10,000 bushels of wheat per year with 5 ...

[abarnes]

A farm can produce 10,000 bushels of wheat per year with 5 workers and 13,000 bushels with 6 workers. The marginal product of the sixth worker for this farm is:
 a. 10,000 bushels.
  b. 3,000 bushels.
  c. 500 bushels.
  d. 23,000 bushels.

Question 2

When economists refer to an economy's price level, they indicate:
 a. the rate of inflation in that economy.
 b. the prices of goods and services relative to consumers' incomes.
  c. a composite measure of prices of all goods and services.
 d. a period of level, or steady, prices in that economy.
 e. the price of a specific consumer good.

[cassie_ragen]

Answer to Question 1

b

Answer to Question 2

c

[abarnes]

Excellent

[Laurenleakan]

Gracias!