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Question
Table 17-3| Number of Workers | Output of Microwave Ovens per Week |
| 1 | 30 |
| 2 | 55 |
| 3 | 75 |
| 4 | 90 |
| 5 | 100 |
| 6 | 105 |
Refer to Table 17-3. What is the amount of revenue added as a result of hiring the fourth worker?
A) $1,200
B) $7,200
C) 15 microwaves
D) 90 microwaves
Answer
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Related questions
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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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C) necessitates using only relatively low-priced inputs.
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Which of the following would be categorized as an opportunity cost?
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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