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Author Question: A firm that can sell its output for 40 per unit. When it increases its labor force from 4 workers to ... (Read 50 times)

captainjonesify

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on: Jun 29, 2018
A firm that can sell its output for 40 per unit. When it increases its labor force from 4 workers to 5 workers its output increases from 15 to 17 units. The value of marginal product of the 5th worker is
 
  A) 680.
  B) 340.
  C) 80.
  D) 40.

Question 2

The table above shows the payoff matrix for a prisoners' dilemma. In the Nash equilibrium
 
  A) both prisoners get 3 years in jail.
  B) both prisoners get 2 years in jail.
  C) both prisoners get 1 year in jail.
  D) both prisoners get 10 years in jail.


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verrinzo

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

C

Answer to Question 2

A


captainjonesify

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

blakcmamba

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Reply 3 on: Yesterday
Excellent

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