If Hiring More Workers Results in Each Additional Worker Contributing

question 11

Multiple Choice

If hiring more workers results in each additional worker contributing successively smaller amounts of output, then which of the following is present?

• A)diminishing profitability
• B)diminishing total product
• C)diminishing marginal product
• D)Both b and c are correct.

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Definitions:

Parallel Form Reliability

A measure of reliability used to assess the consistency of the results of different forms of the same test.

Content Validity

Content Validity assesses whether a test or measurement tool accurately covers the content it is intended to measure, ensuring that all aspects of the construct are evaluated.

Construct Validity

The degree to which a test or tool measures the theoretical construct or trait it is intended to measure, reflecting its accuracy and appropriateness of inferences drawn from test scores.

Discriminant Validity

A property demonstrating that a test or scale that is not closely related to variables from which it is theoretically distinct.