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Question
Figure 17-1
Figure 17-1 shows the marginal revenue product for Dale's Hand-Sewn Doilies, a producer of linen doilies.
Refer to Figure 17-1. If Dale can sell her doilies at $2 each, what is the marginal product of the 5th worker?
A) $28
B) 28 doilies
C) 14 doilies
D) $56
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Perfectly competitive industries tend to produce low-priced, low-technology products.
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Which of the following describes a difference between allocative efficiency and productive efficiency in a perfectly competitive market?
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A) is the same thing as its long-run average cost curve.
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Suppose two countries use different combinations of inputs, such as labor and capital, to produce the same product. This implies all of the following except that
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B) the relative input prices.
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A) the level of sales necessary for a firm if it wants to expand.
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b. the cost of purchasing supplies for your house-cleaning business
c. the cost of purchasing auto insurance for your dry-cleaning delivery business
A) a only
B) a and c only
C) b and c only
D) all of the above