Assume That the Units of Variable Input in a Coal-Production

question 226

True/False

Assume that the units of variable input in a coal-production process are 1, 2, 3, 4, and 5 and the corresponding total outputs (in tons) are 10, 19, 26, and 31, respectively.The marginal product of the third unit of input must be 7 tons.

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Financial assets whose value has dropped significantly and are difficult to sell, often because the risk of default is higher than originally anticipated.