Examlex
An instructor has decided to graphically represent the grades on a test.The instructor uses a plus/minus grading system (i.e.she gives grades of A-, B+, etc.) .Which of the following would provide the most information for the students?
Marginal Revenue Product
The extra income produced by using an additional unit of a production input, like labor or capital.
Productivity
Refers to the measure of output per unit of input.
Input Demand Curves
Graphs showing the relationship between the price of inputs and the quantity of inputs demanded by producers.
Marginal Product
The elevation in production output stemming from the addition of one unit of input.
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