Theodore can make 6 pizzas in one hour. If Theodore's labor has a diminishing marginal product, what must be true about the number of pizzas that Theodore can make in three hours?
A. It must be greater than 18.
B. It must be equal to 18.
C. It must be less than 12.
D. It must be less than 18.
Answer: D
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Positive Vs. Normative Economic Analysis
What will be an ideal response?