Table 8-1 Table 8-1 Shows the Technology of Production at the Matsuko's

question 146

Multiple Choice

Table 8-1
$\begin{array}{|c|c|}\hline \begin{array}{c}\text { Number of } \\\text { Workers }\end{array} & \begin{array}{c}\text { Mushrooms per } \\\text { Day (pounds) }\end{array} \\\hline 1 & 12 \\\hline 2 & 30 \\\hline 3 & 45 \\\hline 4 & 50 \\\hline 5 & 54 \\\hline 6 & 56 \\\hline\end{array}$ Table 8-1 shows the technology of production at the Matsuko's Mushroom Farm for the month of May.
-Refer to Table 8-1.Diminishing marginal returns sets in when the ________ worker is hired.

• A) 2nd
• B) 3rd
• C) 4th
• D) None of the above; the production function displays increasing marginal returns.

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Definitions:

Event

In probability and statistics, a set of outcomes of an experiment to which a probability is assigned.

Outcome

The result of an experiment or process, which can be a single value, a set of values, or a qualitative effect.

Event

In probability and statistics, an outcome or a set of outcomes of a random experiment; an event defines a specific occurrence within a sample space.

Probability Theory

The branch of mathematics that deals with the analysis of random phenomena and the likelihood of various outcomes.