A farmer owns 50 bee hives. The farmer is able to produce 2,000 pounds of honey when he hires 2 workers. He is able to produce 4,000 pounds of honey when he hires 3 workers. Which of the following possibilities is consistent with the property of diminishing marginal product?A. The farmer is able to produce 5,800 pounds of honey when he hires 4 workers.
B. The farmer is able to produce 5,600 pounds of honey when he hires 4 workers.
C. The farmer is able to produce 6,000 pounds of honey when he hires 4 workers.
D. Any amount over 6,000 pounds would be consistent with diminishing marginal product.
E. None of the above is correct

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?