Multiple Choice
Suppose that wages in the agricultural and
Manufacturing sectors are $10 and $20 per hour,
Respectively, and that the prices of both the agricultural
And manufactured good are both $50 per unit.What is
The marginal productivity of labor in the manufacturing
Sector?
A) $1,000
B) 0.4 units per hour
C) 2.5 units per hour
D) $0.40
Correct Answer:
Verified
Correct Answer:
Verified
Q66: Suppose that labor is mobile between sectors
Q67: If trade causes some workers to be
Q68: The model used to study the earnings
Q69: What resource is specific to the agriculture
Q70: Suppose that the Home country in the
Q72: If the relative price of one product
Q73: Which federal government program provides additional<br>Benefits to
Q74: As a nation increases its production of
Q75: An increase in demand for resources fixed
Q76: In the twosector (manufacturing and agriculture)<br>Specificfactors model,