Ten cases of spring water are sold for 6 each, and the marginal product of the last unit of labor is 5 . If the price of a case increases from 6 to 8, then the marginal revenue product of the last unit of labor would
a. decrease by 10
b. increase by 40
c. decrease by 30
d. increase by 10
e. not change
QUESTION 2Which state manufactures the most toxic chemicals and has the worst toxic waste burden?
a. California
b. Louisiana
c. New York
d. New Jersey
e. West Virginia
QUESTION 3If ten cases of spring water are sold at a price of 6 each in a perfectly competitive output market and the marginal product of the last unit of labor is 5, then the marginal revenue product of that last unit of labor is
a. 60
b. 30
c. 50
d. 2
e. 60 cents
QUESTION 4Most of the Superfund has been spent on
a. education of the public on environmental issues
b. research
c. court costs and legal fees
d. cleanup and rehabilitation of polluted areas
e. development and installation of antipollution devices
QUESTION 5If the marginal revenue product of the fifth worker is 15, the price of the last unit of output produced is 5, and the firm sells as a price searcher, then the marginal product of the fifth worker is
a. 3 units of output
b. 45 units of output
c. fewer than 3 units of output
d. greater than 3 units of output
e. greater than 75 units of output
QUESTION 6The Superfund was designed to clean up
a. the acid rain problem
b. air pollution from automobiles, buses, and trucks
c. water pollution from agricultural sources (i.e., pesticides)
d. water pollution from dumping raw sewage
e. toxic waste dumps
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