Question: b. With which worker do diminishing returns occur? Question 2 For each of the following, do you think the business is a price-taking producer? Explain

b. With which worker do diminishing returns occur? Question 2 For each of the following, do you think the business is a price-taking producer? Explain your answers. a. A cappuccino cafe in a university town where there are dozens of very similar cappuccino cafes. b. The makers of Pepsi-Cola. c. One of many sellers of zucchini at a local farmers' market

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.