Use the Following to Answer Questions $\text {Table: Bonnie's Production Function for Good Z}$

question 98

Multiple Choice

Use the following to answer questions : $\text {Table: Bonnie's Production Function for Good Z}$
$\text {The table describes Bonnie's production function for }$
$\text {Good Z. Assume labour is the only variable input that}$
$\text { Bonnie uses to produce Good Z.}$

$\begin{array}{lr}\hline \text {Quantity of}&\text {Quantity of}\\\text {Labour Hired}&\text {Good Z Produced}\\\text {(workers) }&\text {(per time period) }\\\hline 0 & 0 \\ 1 & 75 \\ 2 & 150 \\ 3 & 250 \\ 4 & 325 \\ 5 & 375\end{array}$

-(Table: Bonnie's Production Function for Good Z) Use Table: Bonnie's Production Function for Good Z.Diminishing returns to labour begin to kick in after Bonnie hires the _____ worker.

• A) second
• B) third
• C) fourth
• D) fifth

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Definitions:

Basic Aspects

The fundamental elements or characteristics that constitute a concept, object, or phenomenon.

Sensory Impressions

Immediate experiences or perceptions derived from stimuli through the senses.

Ego

Refers to the component of the mind in psychoanalytic theory, mediating between the conscious and unconscious and responsible for reality testing and personal identity.

Secondary Traits

Personality characteristics that are less consistent and more situation-specific than primary traits, often only appearing under certain circumstances.