The change in total output resulting from a one-unit increase in the quantity of an input used,holding the quantities of all other inputs constant,is:

A) average cost.
B) average product.
C) marginal cost.
D) marginal product.

Question

Jamal Saunders · Accepted Answer

Final Answer : D, Explanation :  This is the definition of marginal product. It measures the additional output produced by adding one more unit of input while keeping all other inputs constant.

The change in total output resulting from a one-unit increase in the quantity of an input used,holding the quantities of all other inputs constant,is:

A) average cost.
B) average product.
C) marginal cost.
D) marginal product.

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Learning Objectives

Related questions

The change in total output resulting from a one-unit increase in the quantity of an input used,holding the quantities of all other inputs constant,is:A) average cost.B) average product.C) marginal cost.D) marginal product.

Definitions

Learning Objectives

Learning Objectives

Related questions

The change in total output resulting from a one-unit increase in the quantity of an input used,holding the quantities of all other inputs constant,is:

A) average cost.
B) average product.
C) marginal cost.
D) marginal product.