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Product Quiz

Quiz by Ian Cornell

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6 questions
Show answers
  • Q1
    No Aid, No Violation
    Users enter free text
    Type an Answer
    10s
  • Q2
    What defines the "Long Term"
    One input is fixed
    1 year
    All inputs are variable
    6 months
    10s
  • Q3
    Diminishing marginal returns occur in
    the short-run
    the service industry
    the long-run
    the goods market
    10s
  • Q4
    If 5 workers produce 35 hamburgers, what is their "average product"
    7
    6
    5
    175
    10s
  • Q5
    If one additional worker increases production from 35 to 39, what is MP
    Negative
    4
    1
    Increasing
    10s
  • Q6
    On a farm which input is fixed?
    Fertilizer
    Workers
    Seeds
    Land
    10s

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