Refer to the Above Data

question 65

Multiple Choice

Refer to the above data.When two workers are employed:

• A) total product is 20.
• B) total product is 18.
• C) average product is 10.
• D) total product cannot be determined from the information given. The second worker's marginal product is 10 and the total product before he was added equaled 8,so total product is 18.

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Definitions:

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, morals, beliefs, and habits.

Linear Regression Equation

An equation used to predict a dependent variable based on one or more independent variables, representing the line of best fit.

Y-Intercept

The point at which a line crosses the y-axis on a graph.

X-Intercept

The point at which a line or curve on a graph crosses the x-axis, indicating a value of x where the function equals zero.