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please answer Use the following to answer questions (23) - (32): A gardening company hires workers to operate lawn mowers (i.e., capital). Concerned about daily

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Use the following to answer questions (23) - (32): A gardening company hires workers to operate lawn mowers (i.e., capital). Concerned about daily production, output is measured as the number of lawns mowed per day (i.e., \"units per day"). While workers can be hired or red on any given day, the number of lawn mowers is xed at 3. Further, suppose the price of labor is $200, the price of capital is $50, and the output price is $25. The company faces the following total product curve: D 1 2 3 II 5 6 [23] Operating on a daily basis corresponds to the short-run. A. True B. False [24] The rm is operating under diminishing (marginal) returns at point d on the curve. A. True B. False [25] The marginal product of the 3" worker exceeds 5. A. True B. False [26] The average product of 5 workers exceeds 3. A. True B. False [27] The marginal revenue product of the 2"\" worker equals: A. $550 B. $400 C $125 D None of the above

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