Multiple Choice
The total output of candles in Nick's Wicks candle shop increases from 20 per hour to 30 per hour as he hires the second worker.The price of each candle is $2.The
A) marginal product of the second worker is 20 candles.
B) marginal product of the second worker is 30 candles.
C) value of marginal product of the second worker is $20.
D) value of marginal product of the second worker is $30.
E) value of marginal product of the second worker is $60.
Correct Answer:
Verified
Correct Answer:
Verified
Q172: What is the effect on the supply
Q173: Sky High Camping offers overnight camping in
Q174: The value of the marginal product is
Q175: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q176: If the marginal product of labor increases,the
Q178: Suppose the Miami Dolphins are considering adding
Q179: Entrepreneurship differs from the other factors of
Q180: A natural resource is renewable if it<br>A)
Q181: Which of the following is true about
Q182: The market for land<br>A) has an elastic