The Marginal Physical Product Is the Difference in Total Output

question 80

Short Answer

The marginal physical product is the difference in total output associated with one additional unit of input, which is 20 (35 - 15).

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Definitions:

Equity Theory

A theory of motivation that explains how perceptions of fairness in the distribution of rewards and resources affect employee satisfaction and output.

Social Comparison

The process of evaluating oneself in relation to others, often to understand one's standing or improve self-image.

Perceived Inequity

A feeling or belief that the balance of contributions and rewards in a relationship or situation is unfair.

Subconscious Goal Motivation

involves goals that influence one's behavior below the level of conscious awareness.