The Part of a Graph That Is Most Applicable to Marginal

question 25

Multiple Choice

The part of a graph that is most applicable to marginal analysis is the

• A)origin
• B)slope
• C)horizontal axis
• D)dependent variable
• E)inverse relation

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Definitions:

Output

The total amount of goods or services produced by a company or economy in a given period.

Production Function

A technological relationship expressing the maximum quantity of a good attainable from different combinations of factor inputs.

Inputs

Resources used in the production process, including labor, capital, materials, and energy.

Marginal Output

The additional amount of output that is produced as a result of a one unit increase in the input of a production process.