Refer to the Following -Diminishing Returns Begin with the
A) 1st Worker

question 45

Multiple Choice

Refer to the following:

$\begin{array}{cccc}\begin{array}{c}\text { Number of } \\\text { Workers }\end{array} & \begin{array}{c}\text { Total } \\\text { Product }\end{array} & \begin{array}{c}\text { Average } \\\text { Product }\end{array} & \begin{array}{c}\text { Marginal } \\\text { Product }\end{array} \\\hline 5 &- & 28 & -30 \\10 & - & - & 30\\15 & 420 & - &- \\20 &- & - &22\\\end{array}$
-Diminishing returns begin with the

• A) 1st worker.
• B) 5th worker.
• C) 10th worker.
• D) 11th worker.
• E) 16th worker.

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Definitions:

Level Of Significance

The probability of rejecting the null hypothesis when it is actually true, often denoted by alpha (α).

Null Hypothesis

A default hypothesis that there is no significant difference or effect, tested against the alternative hypothesis.

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis; it depends on the chosen level of significance.