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 107 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?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

For a complete list of videos, visit our video library