If 11 Workers Can Produce 53 Units of Output While

question 293

Multiple Choice

If 11 workers can produce 53 units of output while 12 workers can produce 56 units of output, what is the marginal product of the 12th worker?

• A)0.16
• B)3
• C)4.67
• D)36

---

Definitions:

Predictor Variables

Variables that are used in statistical models to predict or explain changes in another variable, often referred to as the outcome variable.

Regression Equation

A mathematical formula used to predict a variable based on the relationship between that variable and one or more other variables.

Independent Variables

Variables in an experiment that are manipulated or varied by the researcher to test their effect on dependent variables.

Target Population

The entire group of individuals or instances about which researchers aim to make conclusions in a study.