What is the marginal productivity when the number of workers is increased from 2 to 3?
A. 8kg B. 20kg C. 60kg D. 180kg Correct Answer: Option A – 8kg
The maximum number of workers that should be hired is?
A. 2 B. 3 C. 4 D. 5 Correct Answer: Option C – 4
The diagram above shows a firm operating under conditions of monopolistic competition. The curve W represents its?
A. marginal cost B. average cost C. average revenue D. marginal revenue Correct Answer: Option C – average revenue
The labour force of a country best describes?
A. the number of people in paid employment B. the number of people receiving pension C. people within the retirement age D. people within the working age Correct Answer: Option D – people within the working ageProducts
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