Cengage xy Aplia: Student Q. My Drive. Goog\'- STQ Welcome To Har: × C courses.a

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Cengage xy Aplia: Student Q. My Drive. Goog'- STQ Welcome To Har: × C courses.aplia.com/af/servlet/quiz?ctx-triyakshanav-0043&quiz; action takeQuiz&iquiz; probGuid-RCPLCOA801. aplia Home Grades Personalized ReviewsDiscussion Course Materials Fáill 2017 Einal Exam Back to Assignment Deadline To Attempts: Score: /1 66. Chapter mank07t, Section 132, Problem 165 Table 18-11 Consider the following daily production data for MadefromScratch, Inc. MadeFromScratch sells cupcakes for $2 each an wage of $325 per day Marginal Value of the Wage (per Marginal Labor Quantity (number of (cupcakes per Product ofMarginal day) Profit workers) day) Labor Product of (cupcakes per Labor day) 200 380 540 680 800 900 325 $325 $325 $325 $325 $325 $325 Refer to Table 18-11. What is the value of the marginal product of the fifth worker? O A. $240 B. $120 o. s300 Continue without saving welcome To Har.d.ocx

Explanation / Answer

66) A is correct

240 is the value of marginal product of the fifth worker.

70) B is correct

Ticket price is above equilibrium price. This implies at the ticket price market does not clear. Demand is less than supply.

74) D is correct

Inferior goods are the goods whose demand increases with decrease in income. Decrease in income shifts the demand curve to rightwards. So movement from A to D is correct.

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