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Author Question: If ten cases of spring water are sold at a price of 6 each in a perfectly competitive output market ... (Read 64 times)

yoroshambo

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  • Posts: 566
on: Jun 30, 2018
If ten cases of spring water are sold at a price of 6 each in a perfectly competitive output market and the marginal product of the last unit of labor is 5, then the marginal revenue product of that last unit of labor is
 a. 60
  b. 30
  c. 50
  d. 2
  e. 60 cents

Question 2

Most of the Superfund has been spent on
 a. education of the public on environmental issues
  b. research
  c. court costs and legal fees
  d. cleanup and rehabilitation of polluted areas
  e. development and installation of antipollution devices


daiying98

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

B

Answer to Question 2

C


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