Multiple Choice
A carpenter hammers nails each day at work.During the first hour she can hammer 120 nails,the second hour 100 nails,the third hour 90 nails,the fourth hour 60 nails,and the fifth hour 10 nails.Her marginal product in the third hour is _____ nails.
A) 10
B) -10
C) 90
D) -60
Correct Answer:
Verified
Correct Answer:
Verified
Q93: Diminishing marginal returns refers to the:<br>A)decline in
Q94: One important difference between indifference curves and
Q95: Use the following figure to answer the
Q96: With capital (K)on the vertical axis and
Q97: When the total product curve with only
Q99: Use the following figure to answer the
Q100: For the following total product curves [TP<sub>1</sub>
Q101: A carpenter hammers nails each day at
Q102: All of the following give rise to
Q103: Graphically,the _ indicates whether returns to scale