he following table provides the different output levels that workers could produce. For example, if three workers are making handbags and two workers are making phones, 45 handbags and 30 phones will be made.A company has 6 workers. If 3 workers are making handbags and 3 workers are making phones, what is the marginal benefit for phones if one worker is taken from handbag production and placed into phone production?

The following table provides the different output levels that workers could produce. For example, if three workers are making handbags and two workers are making phones, 45 handbags and 30 phones will be made.A company has 6 workers. If 3 workers are making handbags and 3 workers are making phones, what is the marginal cost of producing one additional phone if a worker changes from handbag production to phone production?

Your enterprising uncle opens a sandwich shop that employs seven people.The employees are paid $32 per hour and a sandwich sells for $8. If the market for sandwiches is competitive, and your uncle is maximising his profit: a) What is the value of the marginal product of the last worker he hired? b) What is that worker's marginal product? c) Suppose that your uncle purchases a new machine that increases the marginal product of each worker. How will this affect the number of workers that he hires? Explain.

Suppose that a Canadian worker can produce 50 cell phones or 5 televisions in a typical workweek, while a Japanese worker can produce 45 cell phones or 5 televisions in a typical workweek. What can we conclude from these numbers?Multiple choice question.Canada has a comparative advantage in the production of cell phones.Canada has an absolute advantage in the production of televisions.Japan has an absolute advantage in the production of televisions.Japan has a comparative advantage in the production of cell phones.

Use the table below to answer the following question.Staffing ConsiderationsWhich worker(s) would the business hire if they were making a rational decision?Group of answer choicesWorkers 1, 2, 3, and 4Workers 1, 2, and 3Workers 1 and 2Worker 1

Assume that a firm hires an additional employee. If the marginal product for that employee is greater than for the previous employee hired, it must be thatGroup of answer choicesall workers are not paid the same wage.the workers all perform the exact same set of tasks.all workers are paid the same wage.there are gains from specialization.the marginal product of labor is diminishing.