Multiple Choice
A farm can produce 1,000 bushels of wheat per year with two workers and 1,300 bushels of wheat per year with three workers.The marginal product of the third worker is:
A) 100 bushels.
B) 300 bushels.
C) 1,300 bushels.
D) 2,300 bushels.
Correct Answer:
Verified
Correct Answer:
Verified
Q82: Figure: Short-Run Costs II <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt="Figure:
Q83: The larger the output, the greater the
Q84: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt=" (Table:
Q85: Average variable cost equals all of the
Q86: (Table: Cost Data) Look at the table
Q88: (Table: Marie's Textbook Company) Look at the
Q89: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt=" (Table:
Q90: Janet's poodle grooming salon has a total
Q91: When an increase in the firm's output
Q92: The curve that shows the additional cost