The supply (0) and demand (c) functions for fishery products in Oman are os 2008P and Od-35-07P. The equilibrium price and quantity of fish are a. P-12 and Q-30 O b. P-8 and -12 O CP=10 and Q20 O d. P-10 and Q 28 2 The owner of a profit-maximizing firm is heard to say: "I wouldn't hire him even if he paid me. It can be assumed that the owner believes that, if hired, this worker would yield 100 TI JE a zero marginal returns b. negative marginal returns c diminishing marginal returns d. constant marginal returns In a production function, with increase of the input the product a. Increases at a decreasing rate and then increases at increasing rate and achieve a maximum b. Increases at an increasing rate and then increases at decreasing rate and achieve a maximum O c. All statements are incorrecto d. Decreases at an increasing rate and then increases at a decreasing rate and achieve a maximum O A reason for the failure of the market to efficiently allocate natural resources is 100 a. Scarcity of natural resources O b. All statements are incorrecto c Poorly defined and enforced property rights O d. Abundance of natural resouro sources o Given Y is output, X is input and Pis price, profit is maximized when 5 1.00 a. MPy = PY/ PX O b. MVPY = PY O .c. All equations are incorrect O d. MPX = PX/ Pya