in the rational zone 2 of a production function 11 a. All statements are correcto b. The efficiency of the fixed factor is increasing and the efficiency of the variable factor decreasing .. The efficiency of the fixed factor is decreasing and the efficiency of the variable factor is increasing d. The efficiency of both factors of production, fixed land variable are increasing O It is irrational to produce in zone 1 of a production function 12 10 a. As the efficiency of both the fixed and variable factors are decreasing O b. As the efficiency of the fixed factor is increasing and the efficiency of the variable factor is decreasing c. All statements are incorrecto d. As the efficiency of both fixed and variable factors are increasing 13 Economic efficiency criteria of social welfare ignores a. All statements are incorrecto b. Opportunity costs c Distributional impacts on d. Marginal decisions The rational zone of production 14 JE 1 1.00 a. All statements are incorrecto b. Begins when Average Product is equal to Marginal product and ends when Average Product is zero Begins when Average Product is maximum and ends when Total Product is maximum o d. Begins when Marginal Product is maximum and ends when Average Product is zero O Suppose that the demand is unchanged, but the cost of fuel for fisherman has decreased. The effect will be 15 the alt a a decrease in the equilibrium price of fish and a decrease in the quantity of fish by an increase in the equilibrium price of fish and an increase in the quantity of fish ca decrease in the equilibrium price of fish and an increase in the quantity of fish d. all of the statements are true o