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Author Question: Based on the above production data table for Ken's Pizza Parlor, we know that the average product of ... (Read 105 times)

saliriagwu

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  • Posts: 537
on: Jun 29, 2018
Based on the above production data table for Ken's Pizza Parlor, we know that the average product of labor curve begins to decrease after hiring worker ________.
 
  A) 1
  B) 2
  C) 3
  D) 4

Question 2

Real GDP in 2015 is 10 trillion. Between 2015 and 2016, using 2015 prices, GDP grew 3 percent and using 2016 prices real GDP grew 7 percent. Using the chain-weighted output index method, real GDP in 2016 is ________ trillion.
 
  A) 10.5
  B) 11
  C) 10.1
  D) 12.72


lgoldst9

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

B

Answer to Question 2

A


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