Exhibit 10-13
Part of an ANOVA Table Is Shown Below

question 83

Multiple Choice

Exhibit 10-13
Part of an ANOVA table is shown below.
$\begin{array}{lr} \text { Source of } & \text { Sum of }& \text {Degrees}& \text {Mean}\\ \text {Variation } &\text { Squares} & \text {of Freedom}& \text {Square}& \text {F}\\ \text { Between Treatments} &64&&&8\\ \text { Within Treatments } &&&2\\ \text { Error} &\\\hline \text {Total } &100\\\end{array}$

-Refer to Exhibit 10-13. The mean square between treatments MSTR) is

• A) 36
• B) 16
• C) 64
• D) 15

---

Definitions:

Marginal Product

The increase in output that results from employing one more unit of a particular input, holding all other inputs constant.

Explicit Costs

Direct, out-of-pocket expenses paid by firms for inputs to production, such as wages, rent, and materials, as opposed to implicit costs which are not directly paid out in cash.

Implicit Costs

The opportunity costs that are not directly paid for or incurred during the production of a good or service.

Average Total Cost

The complete expenditure of manufacturing (incorporating steady and fluctuating expenses) divided by the aggregate volume of goods produced.