Answer the following questions with college level writing (350 min). NO APA BUT be sure to explain and include 2 references. TURNITIN
1. Suppose you are to specify a short-run production function for dental services. What inputs might you include in the production function? Which would be variable inputs and which are fixed inputs?
2. In your own words, explain the law of diminishing marginal productivity. Be sure to mention why the law tends to hold in the short run.
3. What factors shift the short-run average variable and total cost curves? Explain why each curve would shift up or down in response to changes in these factors.
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