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Author Question: Look at the production schedule of the Widget Company below: Number of workers 0 1 2 3 4 5 ... (Read 81 times)

arivle123

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on: Jun 30, 2018
Look at the production schedule of the Widget Company below:
 
  Number of workers 0 1 2 3 4 5
  Number of widgets 0 12 22 30 36 40
 
  What is the marginal product of the second worker?
  A) 8
  B) 10
  C) 12
  D) 22

Question 2

Points to the right of the IS schedule indicate that
 
  a. investment plus government spending will exceed saving plus taxes.
  b. the amount of money supplied exceeds the amount of money demanded.
  c. saving plus taxes will exceed investment plus government spending.
  d. the amount of money demanded exceeds the amount of money supplied.


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jxjsniuniu

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


arivle123

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

amcvicar

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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