ECON 111 Study Guide - Quiz Guide: Marginal Product, Final Good
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Identify the choice that best completes the statement or answers the question. To maximize its profit, how many workers will the firm hire: 2, 3, 4, 5. Rocchetta industries manufactures and supplies bottled water in mexico. As a result of a contamination of water supplies at many of mexico"s resort communities, the demand for bottled water has increased. As a result of the contamination, what would we expect would happen to the value of. It would be offset by a decrease in wages. the marginal product for rocchetta industries" workers: it would be unaffected by a rise in demand for bottled water, it would fall since the marginal product of labour decreases. It would rise since the price of bottled water increases. ___: what does the marginal product of any factor of production depend on? the quantity of the factor used the price of the final good the demand for the final good the price of the factor used.
