Author Question: Using the table above, for which of the following levels of employment does the average product of ... (Read 38 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
Using the table above, for which of the following levels of employment does the average product of labor exceed the marginal product of labor at Decent Donuts?
 
  A) ten workers
  B) seven workers
  C) both of the above
  D) neither of the above

Question 2

If the relative price of pizza in terms of movies is 3, this means that
 
  A) the opportunity cost of a pizza is 3 movies.
  B) 3 pizzas can be traded for 9 movies.
  C) in terms of the dollars that must be spent to buy the product, pizza is more expensive than movies.
  D) All of the above answers are correct.



ktidd

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

For a complete list of videos, visit our video library