This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the marginal revenue product of the fifth worker hired by a firm is 15 and the price of the last ... (Read 56 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
If the marginal revenue product of the fifth worker hired by a firm is 15 and the price of the last unit of output produced is 5, then the marginal product of the fifth worker is
 a. 15 units of output if the product market is perfectly competitive
  b. 3 units of output if the product market is perfectly competitive
  c. 45 units of output if the product market is perfectly competitive
  d. 5 units of output if the product producer is a price searcher
  e. 15 units of output if the product producer is a price searcher

Question 2

Pollution taxes are paid out of the EPA Superfund in order to reduce automobile emissions.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


natalie2426

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

frankwu0507

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
Use the product rule to find derivative Use the product rule to find derivative
Use the product rule to find derivative Use the product rule to find derivative
Video: Kidney Stones

For a complete list of videos, visit our video library