A firm estimates its long-run production function to beQ = -0.0075K3L3 + 12K2L2Suppose the firm employs 12 units of capital. At ________ units of labor, marginal product of labor begins to diminish.

The bigger the arc in the utility curve, the _________ the utility an individual obtains from a certain outcome as opposed to the ________________ from an uncertain gamble with the same expected payoff.

Fill in the blank(s) with the appropriate word(s).

In the figure above, the total benefit from pizza is ________ per day

A) $100,000 B) $50,000 C) $125,000 D) $150,000 E) None of the above answers is correct.