Author Question: The market process avoids creative destruction. Indicate whether the statement is true or ... (Read 45 times)

Shelles · **on:** Jun 30, 2018

The market process avoids creative destruction.
Indicate whether the statement is true or false

Question 2

Bob's Baubles, Inc, sells its product for 3 each in a perfectly competitive market. If it increases its workforce from 1,000 to 1,001, its output goes from 615 to 625 per day. Its marginal revenue product for the 1,001st worker is:
a. 3.
b. 1, 845.
c. 30.
d. 3,003.