This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the marginal revenue product of the fifth worker hired by a firm is 15 and the price of the last ... (Read 69 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
If the marginal revenue product of the fifth worker hired by a firm is 15 and the price of the last unit of output produced is 5, then the marginal product of the fifth worker is
 a. 15 units of output if the product market is perfectly competitive
  b. 3 units of output if the product market is perfectly competitive
  c. 45 units of output if the product market is perfectly competitive
  d. 5 units of output if the product producer is a price searcher
  e. 15 units of output if the product producer is a price searcher

Question 2

Pollution taxes are paid out of the EPA Superfund in order to reduce automobile emissions.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


natalie2426

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Rivers Are a Product of Their Watersheds Rivers Are a Product of Their Watersheds
Alan Price - Poor People Alan Price - Poor People
One-handed kneading. Tissues are lifted with the whole hand in firm contact. One-handed kneading. Tissues are lifted with the whole hand in firm contact.
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
Use the product rule to find derivative Use the product rule to find derivative
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Cognitive development by Piaget (Preoperational stage or intelligence)

For a complete list of videos, visit our video library