Which Expression BEST Describes the Value of the Marginal Product

question 120

Multiple Choice

Which expression BEST describes the value of the marginal product?

• A)the change in total output generated by a unit change in the quantity of a factor
• B)the change in total revenue generated by a unit change in the quantity of a factor
• C)the change in marginal cost generated by a unit change in the quantity of a factor
• D)the ratio of total revenue to the quantity of a factor employed

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Definitions:

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