The Increase in the Firm's Total Cost as a Result

question 19

Multiple Choice

The increase in the firm's total cost as a result of employing one more unit of input a is equal to the:

• A) marginal revenue product of input "a"
• B) marginal product of input "a"
• C) net marginal revenue of input "a"
• D) marginal cost of input "a"
• E) net marginal cost of input "a"

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Definitions:

Total Row

A feature in spreadsheet or database software that automatically calculates the sum, average, count, or other aggregate functions for data in a column.

Currency Field

A database or form field designed specifically to hold monetary values in various currencies.

Table Datasheet View

A spreadsheet-like view that displays the data in a table format, often found in database and spreadsheet applications.

Single-Value Lookup Field

A database column that matches a single value from one table to a corresponding value in another table, facilitating data retrieval.