Exhibit 7-1 Production of Pizza Data -Exhibit 7-1 Shows the Change in the Short Run Production
Exhibit 7-1 Production of pizza data
-Exhibit 7-1 shows the change in the short run production of pizzas as more workers are hired. The table shows marginal product increasing between the 0 to 2 hired workers. A possible reason for this increased marginal product is:
A) increased wages.
B) increases in plant size.
C) decreases in fixed cost.
D) increased division of labor as additional workers are hired.
E) increased product price.
Correct Answer:
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