Given the table below,if capital is fixed at two units,what is the marginal product of the fourth unit of labor? Amount of total output produced from various combinations of labor and capital.
A) 60
B) 80
C) 100
D) 420
E) none of the above
Correct Answer:
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Q6: Which of the following statements is FALSE?
A)A
Q9: Suppose that you run a house-painting company
Q10: Suppose you run a pizza shop and
Q11: If average product is increasing,then marginal product
A)must
Q11: out the table and answer the question
Q14: out the table and answer the question
Q16: Q16: production function measures the relation between Q17: If labor is fixed at 5 units,how Q19:
A)input prices
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