Use the Following to Answer Questions -(Table: Tonya's Production Function for Apples)Use Table: Tonya's Production Function

question 103

Multiple Choice

Use the following to answer questions : $$\begin{array}{l}\text { Table: Tonya's Production Function for Apples }\\\begin{array} { l c c } \hline \begin{array} { l } \text { Quantity } \\\text { of Land } \\\text { (hectares) }\end{array} & \begin{array} { c } \text { Quantity } \\\text { of Labour }\end{array} & \begin{array} { c } \text { Total } \\\text { Product } \\\text { (apples picked) }\end{array} \\\hline 10 & 0 & 0 \\10 & 1 & 8 \\10 & 2 & 15 \\10 & 3 & 21 \\10 & 4 & 26\end{array}\end{array}$$
-(Table: Tonya's Production Function for Apples) Use Table: Tonya's Production Function for Apples.As she hires more labour,Tonya's production function shows that the number of apples picked increases at a decreasing rate because of:

• A) diminishing returns.
• B) increasing returns.
• C) constant returns.
• D) workers becoming lazier.

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Definitions:

Treatment Means

The average outcomes or effects of different treatments or conditions in a study.

Overall Mean

The average calculated across all observations in a given dataset.

Significant Difference

A statistically meaningful difference between two or more groups or variables, typically assessed through hypothesis testing.

Level of Significance

A threshold within statistical hypothesis testing that measures the degree of certainty or the probability level below which the null hypothesis is rejected.