Suppose That with Two Fro-Yo Machines, 12 Workers Produce Eight

question 205

Multiple Choice

Suppose that with two fro-yo machines, 12 workers produce eight quarts of fro-yo.If the marginal product of the thirteenth worker is two quarts, then

• A)thirteen workers produce ten quarts
• B)thirteen workers produce two quarts
• C)the thirteenth worker alone produces ten quarts
• D)the law of diminishing returns cannot be operating in this example
• E)diminishing returns must begin with the thirteenth worker

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Definitions:

Test Statistic

A calculated value from the data that is used in statistical testing to determine whether to reject the null hypothesis.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation, which can be tested through experimentation and observation.

National Hockey League

A professional ice hockey league in North America, composed of teams from the United States and Canada.

Winning Percent

The ratio of wins to total games or matches played, typically expressed as a percentage.