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Author Question: If two workers can produce 22 units of output, and the addition of a third worker increases output ... (Read 107 times)

dalyningkenk

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  • Posts: 598
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


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emily12345

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


dalyningkenk

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

carojassy25

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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