Author Question: A firm can produce 840 gallons of paint per day with 6 workers, or 910 gallons per day with 7 ... (Read 175 times)

chandani · **on:** Jun 30, 2018

A firm can produce 840 gallons of paint per day with 6 workers, or 910 gallons per day with 7 workers. The marginal product of labor over this range of output, stated in gallons per worker per day, is
a. 140.
b. 135.
c. 130.
d. 70.

Question 2

If 30 is paid for a share of stock and the earning per share is 3, how long will it take for the firm's earnings to add up to the purchase price?
a. 30 years
b. 3 years
c. 27 years
d. 10 years
e. 90 years