This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the marginal revenue product of the fifth worker hired by a firm is 15 and the price of the last ... (Read 48 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
If the marginal revenue product of the fifth worker hired by a firm is 15 and the price of the last unit of output produced is 5, then the marginal product of the fifth worker is
 a. 15 units of output if the product market is perfectly competitive
  b. 3 units of output if the product market is perfectly competitive
  c. 45 units of output if the product market is perfectly competitive
  d. 5 units of output if the product producer is a price searcher
  e. 15 units of output if the product producer is a price searcher

Question 2

Pollution taxes are paid out of the EPA Superfund in order to reduce automobile emissions.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


natalie2426

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
Wow, this really help

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007). The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
Firm handshake Firm handshake
Use the product rule to find derivative Use the product rule to find derivative
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Video: The Lac Operon in E. Coli

For a complete list of videos, visit our video library