Questions-1 if it takes a week to obtain a vendors license, Ask an Expert

Economics

Questions-

1. If it takes a week to obtain a vendor's license and buy a pushcart, then a week would be the long run for the hot dog stand industry.

A) True

B) False

2. In general, marginal product equals average product at:

A) maximum marginal product.

B) minimum marginal product.

C) minimum average product.

D) maximum average product.

Additional Information-

These multiple choice questions related to Economics. The first question is about statement about a week being the long run and the second question is about marginal product being equal to average product.

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Microeconomics, Economics

Category:- Microeconomics
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