Table 14-1 This Table Shows the Revenue and Costs of a Parrot

question 36

Multiple Choice

Table 14-1
This table shows the revenue and costs of a parrot farmer.
-Refer to Table 14-1.If the farmer harvested three parrots then:

• A)fixed cost is zero
• B)marginal cost is $8
• C)marginal revenue is less than average variable cost
• D)marginal revenue is less than marginal cost

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Definitions:

Grand Mean

The mean or average of several group means, which gives an overall measure of the central tendency across all the groups considered together.

Treatments

Interventions or conditions that researchers apply to experimental units or subjects to observe their effect on outcomes.

Level of Significance

A threshold of probability set before testing hypotheses, below which the null hypothesis is rejected.

Treatments

Specific conditions applied to the participants or subjects in an experimental study.