You own a deli. Which of the following is most likely a fixed input at your deli?

Table: Total Product and Marginal Product Labor per Day -- Total Products (units per period) 0 -- 0 1 -- 10 2 -- 30 3 -- 70 4 -- 90 5 -- 100 6 -- 107 7 -- 110 8 -- 105 Look at the table Total Product and Marginal Product. The marginal product of the second worker is:

If your firm is operating in the negatively sloped portion of a long-run average total cost curve, then your production exhibits:

The total product curve:

Buford Bus Manufacturing installs a new assembly line. As a result, the output per worker increases. The marginal cost of output at Buford:

When marginal cost is BELOW average variable cost, average variable cost must be:

The total cost curve for a snowmobile dealership shows how _____ cost depends on the quantity of _____.

In the short run, the average total cost curve slopes upward because of:

Marginal cost _____ over the range of increasing marginal returns and _____ over the range of diminishing marginal returns.

A business produces 10 pairs of eyeglasses. It incurs $30 in average variable cost and $35 in average total cost. The total fixed cost of producing 10 pairs of eyeglasses is:

Once diminishing returns have set in, as output increases, the total cost curve: