Author Question: Using the table above, for which of the following levels of employment does the average product of ... (Read 35 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
Using the table above, for which of the following levels of employment does the average product of labor exceed the marginal product of labor at Decent Donuts?
 
  A) ten workers
  B) seven workers
  C) both of the above
  D) neither of the above

Question 2

If the relative price of pizza in terms of movies is 3, this means that
 
  A) the opportunity cost of a pizza is 3 movies.
  B) 3 pizzas can be traded for 9 movies.
  C) in terms of the dollars that must be spent to buy the product, pizza is more expensive than movies.
  D) All of the above answers are correct.



ktidd

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

For a complete list of videos, visit our video library