Author Question: If two workers can produce 22 units of output, and the addition of a third worker increases output ... (Read 110 times)

dalyningkenk · **on:** Jun 30, 2018

If two workers can produce 22 units of output, and the addition of a third worker increases output to 30 units, the marginal product of the third worker is:
a. 8 units.
b. 10 units.
c. 22 units.
d. 30 units.

Question 2

Which of the following would indicate the beginning of a recessionary phase in an economy?
a. Many new firms starting up
b. Stock prices improving
c. Businesses slowing down
d. Demand for real estate picking up
e. Orders for new equipment increasing