Use the Following to Answer Question

question 200

Multiple Choice

Use the following to answer question:
Figure: The Demand for Bricklayers
-(Figure: The Demand for Bricklayers) Use Figure: The Demand for Bricklayers.If the price for bricks laid in the wall is $0.10 a brick,the marginal product of the second bricklayer is _____ bricks.

• A)1,500
• B)1,400
• C)1,300
• D)1,200

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Definitions:

Technological Improvements

Technological improvements involve the application of better solutions that meet new requirements or existing market needs, often leading to increased efficiency and productivity.

Demand Inelastic

A situation where the quantity demanded of a good or service changes minimally in response to price changes.