This topic contains a solution. Click here to go to the answer

Author Question: Based on the data in the table above, when Decent Donuts hires eight workers, the A) average ... (Read 112 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
Based on the data in the table above, when Decent Donuts hires eight workers, the
 
  A) average product of labor is greater than the marginal product.
  B) marginal product of labor is greater than the average product.
  C) marginal product of labor is equal to the average product.
  D) marginal product of labor is not defined.

Question 2

Elaine spends 10 a week on pizza and Pepsi. The price of pizza is 2 a slice and the price of a Pepsi is 2. The table shows Elaine's total utility from pizza and Pepsi.
 
  Elaine maximizes her total utility by buying ________ slices of pizza and ________ Pepsis a week. A) 5; 0
  B) 0; 5
  C) 3; 2
  D) 2; 3



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

A

Answer to Question 2

D




mjbamaung

  • Sr. Member
  • ****
  • Posts: 343

 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

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).

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

For a complete list of videos, visit our video library