The Change in Total Output Associated with One Additional Unit

question 75

Multiple Choice

The change in total output associated with one additional unit of input is the

• A)Opportunity cost of the output.
• B)Average productivity.
• C)Marginal physical product.

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Definitions:

Movement

A change or development in a particular direction, often referred to in contexts ranging from physical relocation to shifts in opinions or trends.

Supply Curve

represents the relationship between the price of a good and the quantity of that good suppliers are willing to produce and sell, typically upward sloping because higher prices incentivize more production.

Shift

A change in demand or supply where the entire curve moves either right (increase) or left (decrease), signifying changes in market conditions.

Supply Curve

A visual chart demonstrating the link between a product's price and the amount producers are willing to supply.