Here Is Market Basket Data for 1,000 Transactions at a Drug

question 12

Multiple Choice

Here is Market Basket data for 1,000 transactions at a Drug Store.All transactions involve 1 or 2 drugs.Use the table below to answer the following questions.

-Refer to the table above.What is the lift for Drug B being purchased given that Drug A has been purchased?

• A).200
• B).250
• C).333
• D).667

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Definitions:

Diminishing Marginal Product

The economic principle stating that, holding all else constant, as more of a certain input is employed in a production process, the incremental increase in outputs will eventually decrease.

Bushels of Wheat

A unit of measure used in agriculture, particularly in the United States, for trading and pricing wheat.

Workers

Individuals engaged in a task or activity for wages or salary.

Diminishing Marginal Product

The decrease in the additional output gained from using an extra unit of a production input, holding all other inputs constant, beyond a certain point.