Question

0.6 pts Use the following information to answer the associated questions below: Lucia's Performance Pizza is a small restaurant in Detroit that sells gluten free pizzas. Lucia's very tiny kitchen has barely enough room for the three ovens in which her workers bake the pizzas. Lucia signed a lease obligating her to pay the rent for the three ovens for the next year. Because of this, and because Lucia's kitchen cannot fit more than three ovens, Lucia cannot change the number of ovens she uses in her production of pizzas in the short run. However, Lucia's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday. Lucia lets them know how many workers she needs for each day of the week. 28. In the short run, the workers are and inputs, and the ovens are_ _inputs. explicit: Implicit. O variable: fixed O fixed: variable capital: labor. Question 25 0.5 pts True or False: The law of diminishing returns states that beyond some point the marginal product decreases as additional units of a variable factor are added to a fixed factor. True False

Answer 1

Variable; fixed

Inputs that can be changed Are variable and inputs that cannot be changed is fixed.

True