Author Question: If the marginal revenue product of the fifth worker is 15, the price of the last unit of output ... (Read 74 times)

Capo · **on:** Jun 30, 2018

If the marginal revenue product of the fifth worker is 15, the price of the last unit of output produced is 5, and the firm sells as a price searcher, then the marginal product of the fifth worker is
a. 3 units of output
b. 45 units of output
c. fewer than 3 units of output
d. greater than 3 units of output
e. greater than 75 units of output

Question 2

The Superfund was designed to clean up
a. the acid rain problem
b. air pollution from automobiles, buses, and trucks
c. water pollution from agricultural sources (i.e., pesticides)
d. water pollution from dumping raw sewage
e. toxic waste dumps