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

Author Question: Refer to Scenario 14.2. What is the marginal revenue product of the 4th worker? A) 20 B) 25 ... (Read 47 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Jul 1, 2018
Refer to Scenario 14.2. What is the marginal revenue product of the 4th worker?
 
  A) 20
  B) 25
  C) 30
  D) 32.5
  E) 35

Question 2

You using a Laspeyres (fixed-weight )price index to compare price changes over time, and the index is based on consumption bundles from 2005 when energy costs were lower and housing costs were higher. Your results are likely to:
 
  A) Overstate changes in the cost of living because the weight assigned to energy is too small.
  B) Overstate changes in the cost of living because the weight assigned to energy is too large.
  C) Understate changes in the cost of living because the weight assigned to housing is too small.
  D) Understate changes in the cost of living because the weigh assigned to housing is too large.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maaaaaaaaaa

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


jazziefee

  • Member
  • Posts: 505
Reply 2 on: Jul 1, 2018
Excellent

smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Importance of Considering Gestalt Principles in Product Design (1 of 2) Importance of Considering Gestalt Principles in Product Design (1 of 2)
Product Rule Product Rule
Use the product rule to find derivative Use the product rule to find derivative
Video: Oxygen transport - methods and oxyhemoglobin

For a complete list of videos, visit our video library