The Marginal Physical Product Is the

question 39

Multiple Choice

The marginal physical product is the

• A) Change in total input required to produce one additional unit of output.
• B) Change in total output associated with one additional unit of the variable input.
• C) Number of units of output obtained from all units of input employed.
• D) Additional cost of an additional unit of output.

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Definitions:

Profitability

The degree to which a business or activity yields profit or financial gain.

Market Value

The present cost at which a product or service is available for purchase or sale in the market.

Quality of Work Life

The overall environment at a workplace, including job satisfaction, stress levels, work-life balance, and the safety and health conditions that affect an employee's welfare.

Employee Satisfaction

A measure of how content and fulfilled employees are with their job and working environment.