If Diminishing Marginal Returns Have Already Set in for the Picture

question 58

Multiple Choice

If diminishing marginal returns have already set in for The Picture Perfect Framing Store and the marginal product of the fifth picture framer is 20, then the marginal product of the sixth picture framer must be

• A) negative.
• B) zero.
• C) less than 20.
• D) greater than 20.

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Definitions:

Academic Achievement

Refers to the level of schooling you have successfully completed and the ability to attain success in your studies.

Positive Correlation

A relationship between two variables where one variable increases as the other also increases.

PIRLS

A global research project that assesses the literacy and reading understanding of fourth-grade students internationally.

International Test

A standardized examination administered across multiple countries to assess the abilities, skills, or knowledge of individuals on a global scale.