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

Author Question: In the above table, the marginal product of the fourth worker is A) 1. B) 3. C) 4. D) ... (Read 72 times)

Jramos095

  • Hero Member
  • *****
  • Posts: 528
In the above table, the marginal product of the fourth worker is
 
  A) 1.
  B) 3.
  C) 4.
  D) 6.

Question 2

In the above figure, if the government imposed a minimum wage of 8 per hour in this labor market, the increase in the hourly wage for those who are able to keep their jobs is
 
  A) 2 per hour.
  B) 4 per hour.
  C) 6 per hour.
  D) 8 per hour.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Galvarado142

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1

B

Answer to Question 2

A




Jramos095

  • Member
  • Posts: 528
Reply 2 on: Jun 29, 2018
:D TYSM


nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

For a complete list of videos, visit our video library