The table shows the wage distribution of workers. Calculate the mean wage
N7.40
N4.00
N10.00
N14.80
Correct answer is A
No explanation has been provided for this answer.
What is the marginal productivity when the number of workers is increased from 2 to 3?
8kg
20kg
60kg
180kg
Correct answer is A
No explanation has been provided for this answer.
The maximum number of workers that should be hired is
2
3
4
5
Correct answer is C
No explanation has been provided for this answer.
Marginal cost
Average cost
Average revenue
Marginal revenue
Correct answer is C
No explanation has been provided for this answer.
A point P, the marginal rate of substitution is
Less than one
Greater than one
Zero
Unity
Correct answer is C
No explanation has been provided for this answer.
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