Author Question: The marginal product of labor is defined as the increase in output attributable to the last worker ... (Read 70 times)

HudsonKB16 · **on:** Jun 29, 2018

The marginal product of labor is defined as the increase in output attributable to the last worker hired divided by the total number of workers employed.

Indicate whether the statement is true or false

Question 2

Which of the following is a possible government solution to the problem posed by a good with an external benefit?

A) Give a voucher to buyers of the good.
B) Tax the consumption of the good.
C) Tax the production of the good.
D) All of the above are possible solutions.