What Does Diminishing Marginal Productivity in a Frozen Pizza Company

question 2

Multiple Choice

What does diminishing marginal productivity in a frozen pizza company mean?

• A) Hiring additional workers does not change the total output of pizza produced.
• B) Hiring additional workers causes the total output of pizza to fall.
• C) Hiring additional workers adds fewer and fewer pizzas to total output.
• D) The average total cost of production must be decreasing.

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Definitions:

Probability Density Function

A mathematical function that describes the likelihood of a continuous random variable taking on a specific value.

Normal Distribution

A bell-shaped frequency distribution that is symmetrical about the mean, describing how many data points, given continuous variables, distribute in nature.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set deviate from the mean.

Mean High Temperature

Mean high temperature is the average of the highest temperatures over a specific time period for a particular place.