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Given the Following Data Set, What Is the Ranking of the Data

question 53

Multiple Choice

Given the following data set, what is the ranking of the data value 28? Presume that lower data values rank ahead of higher data values.
31, 28, 21, 34, 38, 33, 16, 28


Definitions:

Factor of Production

Resources used in the creation of goods and services, which include land, labor, capital, and entrepreneurship.

Total Income

The full amount of income received by an individual or a country, including wages, salaries, benefits, and income from investments before any deductions.

Marginal Product

Marginal product is the addition to total output produced by using one more unit of a specific input, holding all other inputs constant.

Marginal Revenue

The change in total revenue generated by an additional unit of output.

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