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Economics - Financial Markets
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2) In the long run, a firm has A) no factors of production that are fixed. B) no factors of production that are variable. C) no factors of production that are either fixed or variable. D) fixed factors of production but no variable resources. 3 )Pizza Hut Labor (workers) Total product (pizzas produced per hour) 0 0 1 5 2 9 3 12 4 14 5 15 Using the data in the above table, what is the marginal product of the second worker? A) 4.5 pizzas per hour B) 4 pizzas per hour C) 5 pizzas per hour D) The marginal product is undefined.
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