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Author Question: Refer to the table above. The marginal product of workers falls below zero when the ________ worker ... (Read 168 times)

plus1

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on: Jun 29, 2018
Refer to the table above. The marginal product of workers falls below zero when the ________ worker is hired.
 
  A) first
  B) fourth
  C) sixth
  D) seventh

Question 2

Which of the following correctly defines the term equilibrium?
 
  A) It refers to analysis that uses data to arrive at conclusions.
  B) It refers to a situation where all agents are simultaneously optimizing.
  C) It refers to an optimizing decision made by an individual economic agent.
  D) It refers to government intervention that efficiently allocates scarce resources.


connor417

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

D

Answer to Question 2

B


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