Ali has a firm that provides accounting services for 300 households. If he hires an executive assistant to assist the accountants but he doesn't hire any more accountants, he can serve 320 households. What is the marginal product of the executive assistant?
A) We cannot tell without knowing what each household is charged.
B) 20 households
C) 320 households
D) 620 households
Correct Answer:
Verified
Q21: During the back-to-school shopping season, a large
Q22: During the back-to-school shopping season, a large
Q23: Variable inputs are often _, and fixed
Q24: There are NO fixed inputs in:
A) production
Q25: The marginal _ of an input is
Q27: Use the table Workers and Croissants Produced.
Q28: Use the table Workers and Croissants Produced.
Q29: Use the table Workers and Buns Produced.
Q30: Use the table Workers and Buns Produced.
Q31: Use the table Workers and Buns Produced.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents