Refer to the Table Shown A) Third Worker Is Hired

question 47

Multiple Choice

Refer to the table shown. Diminishing marginal productivity begins when the: $\begin{array}{|c|c|}\hline \text {Number of workers}&\text {Total output}\\\hline 1 & 4 \\\hline 2 & 10 \\\hline 3 & 18 \\\hline 4 & 28 \\\hline 5 & 35 \\\hline 6 & 41 \\\hline 7 & 45 \\\hline 8 & 48 \\\hline 9 & 50 \\\hline 10 & 49 \\\hline\end{array}$

• A) third worker is hired.
• B) fourth worker is hired.
• C) fifth worker is hired.
• D) sixth worker is hired.

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Definitions:

Organizing

Process of blending human and material resources through a formal structure of tasks and authority; arranging work, dividing tasks among employees, and coordinating them to ensure implementation of plans and accomplishment of objectives.

Anticipate Future

The act of predicting or expecting upcoming events or trends, allowing individuals or organizations to prepare or adjust accordingly.

Costly Mistakes

Costly Mistakes are errors or poor decisions that result in significant financial loss or damage.

Planning

Process of anticipating future events and conditions and determining courses of action for achieving organizational objectives.