(Table: Tonya's Production Function for Apples) Look at the table Tonya's Production Function for Apples.The information provided tells you that Tonya is operating:
A)in the long run.
B)in the short run.
C)in a very expensive location.D.at a loss.

Question

Quizplus · Accepted Answer

The fact that the table only shows three levels of input (1 worker, 2 workers, and 3 workers) and their corresponding levels of output suggests that Tonya is operating in the short run, where at least one input is fixed and cannot be adjusted. In this case, it seems that the fixed input is the land, while the variable input is the number of workers.

(Table: Tonya's Production Function for Apples) Look at the Table