A 44
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Class Period *
A. What is the MPP of the 4th worker? *
1 point
Your answer
B. What is the total revenue when 5 workers are hired? *
1 point
Your answer
C. What is the MRP of the 3rd worker? *
1 point
Your answer
D. What is the MRP of the 6th worker? *
1 point
Your answer
1. Why does the number of extra yo-yos produced decrease as more workers are hired? *
0 points
Your answer
2.a. If the wage is $30 per day, how many workers should Acme hire? *
1 point
2.b. Explain your answer from 2.a. *
0 points
Your answer
3.a. If the demand for yo-yos increases so that Acme can sell as many yo-yos as it wants for $3 each, what effect will this have on Acme’s level of employment? How many workers will now be hired? *
1 point
3.b. Explain your answer from 3.a. *
0 points
Your answer
4. To make as much profit as possible, in this case a firm should hire an additional worker as long as that worker’s _____________________________ is greater than his or her _____________ . CHECK ALL THAT ARE CORRECT. *
1 point
Required
5.a. If the wages (MRC) are $50, how many workers should be hired at a product price of $2? *
1 point
5.b. Explain your answer to 5.a *
0 points
Your answer
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