Say you are the owner of a Pizza place. You know that when you produce 20 pizzas, the average product of each of your workers is 10, and the marginal product of your last worker is 15. From this information, you know that:
a. the marginal product is increasing
b. the average product is increasing
c. the average product is decreasing
d. the marginal product is decreasing

Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

Explain how can you avoid conflict by adjusting