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Author Question: Using the data in the above table, if the firm employs 5 workers, total product (measured in units ... (Read 65 times)

mckennatimberlake

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on: Jun 29, 2018
Using the data in the above table, if the firm employs 5 workers, total product (measured in units per day) and average product and marginal product of the fifth worker (measured in units per worker) are
 
  A) 23, 5.00, and 4 respectively.
  B) 23, 5.75, and 4 respectively.
  C) 25, 5.00, and 2 respectively.
  D) 25, 5.75, and 4 respectively.

Question 2

In June 2008, 1 bought 0.5 pounds and in October, 1 bought 0.65 pounds. As a result of this change, ________ between June and October.
 
  A) the demand for dollars increased
  B) the dollar appreciated and the quantity of dollars demanded decreased
  C) the dollar depreciated and the quantity of dollars demanded decreased
  D) the demand for dollars decreased


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lcapri7

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


mckennatimberlake

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

fatboyy09

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

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