Solved

If a Chair Can Be Sold for $20 and It

Question 121

Multiple Choice

If a chair can be sold for $20 and it takes a worker two hours to make a chair,the marginal revenue product of this worker is

A) $5 per hour.
B) $10 per hour.
C) $20 per hour.
D) $2 per hour.

Related Questions

Q116: The elasticity of labor supply measures the<br>A)Opportunity

Q117: If consumers decide to buy fewer strawberries,then

Q118: The efficiency decision involves choosing the input

Q119: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" In Figure 30.2,a

Q120: Cost efficiency is achieved when the MPP

Q122: Table 30.2 <span class="ql-formula" data-value="\begin{array}

Q123: The marginal revenue product sets an upper

Q124: A firm's demand for labor is referred

Q125: If there is an increase in immigration

Q126: In general,it can be said that leisure