Which of the Following Statements Is True

question 159

Multiple Choice

Which of the following statements is true?

• A) Marginal product is the change in total revenue divided by a one-unit change in a factor.
• B) Marginal revenue is the change in total output divided by the change in output.
• C) Marginal revenue product is marginal product times marginal revenue.
• D) Marginal factor cost is equal to average total cost.

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Definitions:

Responsiveness

The quality of reacting quickly and positively, often referring to the ability of handling and addressing needs or changes effectively.

Couvade Syndrome

A condition where expectant fathers experience pregnancy symptoms like nausea, weight gain, and mood swings.

Polymorphic

Having multiple forms or appearances, often referring to genetic variation within a population.

Genes

are units of heredity made up of DNA that act as instructions to make molecules called proteins, playing a vital role in determining biological traits.