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.