Author Question: Minneapolis business Rogue Chocolatier sells specialty chocolate bars with a high cocoa content. ... (Read 112 times)

azncindy619 · **on:** Jun 29, 2018

Minneapolis business Rogue Chocolatier sells specialty chocolate bars with a high cocoa content. Rogue can produce 15 chocolate bars per day with one employee, 29 with 2, 35 with 3 and 40 with 4 employees. Which statement is TRUE?

A) Rogue's marginal product curve decreases continually.
B) Rogue's marginal product curve initially increases and then decreases.
C) Rogue's total product curve increases at an increasing rate.
D) Rogue's marginal product curve decreases initially and then increases.

Question 2

The table above shows the marginal private benefit, marginal social benefit, and marginal cost of education at the College of Epsilon. What is the efficient number of students at the college?

A) 1,000
B) 3,000
C) 4,000
D) 5,000