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Economics in the News April 5, 2020 First study the news article linked below. Total Output of Online Gym Classes It's critical': Shuttered fitness studios
Economics in the News April 5, 2020 First study the news article linked below. Total Output of Online Gym Classes "It's critical': Shuttered fitness studios move online to stay afloat in era of COVID-19 1. According to the news article, why do "digital innovators" in the fitness market stand to benefit from the COVID-19 pandemic? "Digital innovators" stand to benefit because Average product Average and marginal product (classes per worker) O A. there is a captive audience of potential customers O B. they can launch GoFundMe campaigns O C. they have staff who are technologically savvy O D. they can apply for loans from the Canada Emergency Business Account 2. Think about the total output curve of a firm that produces fitness classes. Labour is measured on the x-axis and classes are measured on the y-axis. Does the firm experience diminishing returns? The firm experiences diminishing returns when Quantity of workers O A. as more labour is hired, a new worker produces less than the previously hired worker B. the price of a membership rises C. the gym closes because of the COVID-19 pandemic O D. not enough clients sign up to use the gym Time Remaining: 02:55:59 Next ASUS F12 Prt Sc/Imprecr. Insert/Defil. Del/Suppr. FO F7A F8 La FO a Flo F2 Echapp. & 6 2 3 @ Q W E R K S D F G H Lock laj. A B N M
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