When the 7th Worker Is Hired,output Increases from 100 Units

question 44

Multiple Choice

When the 7th worker is hired,output increases from 100 units per week to 110 units per week.When the 8th worker is hired,output increases from 110 units to 118 units.This is an example of

• A)diminishing marginal returns.
• B)diminishing marginal cost.
• C)decreasing returns to scale.
• D)labour-intensive production.
• E)increasing returns to scale.

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Definitions:

Directional Research Hypothesis

A hypothesis that specifies the expected direction of the relationship between variables, such as predicting an increase or decrease in one variable associated with changes in another variable.

Research Hypothesis

A specific, testable prediction about the expected outcome of a study, often concerning the relationship between variables.

Population

The complete set of individuals or items that are the subject of a statistical study.

Sample

A subset of a population selected for measurement, observation, or questioning, to provide statistical information about the population.