Which of the Following Quotes Best Illustrates the Idea of Marginal

question 78

Multiple Choice

Which of the following quotes best illustrates the idea of marginal product?

• A)"If I have 10 workers on my assembly line,I can produce 13 tables a day."
• B)"If I add an 11th worker,I can produce 1 extra table a day."
• C)"Each worker produces 2 tables a day."
• D)"I find if I add an extra shift at night,table production only rises by 80 percent because I need more maintenance time on the assembly line."
• E)"If I double workers and double the assembly line,I can make 120 percent more tables."

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Definitions:

Measurement Error

The difference between the true value and the measured value due to inaccuracies or flaws in the measurement process or instrument.

Measure

To ascertain the size, amount, or degree of something using a standard unit or instrument.

Pearson Product-moment

A correlation coefficient that measures the strength and direction of a linear relationship between two continuous variables.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two quantitative variables.