The Increase in Output Caused by the Addition of One

question 55

Multiple Choice

The increase in output caused by the addition of one more unit of capital is called:

• A) the average product.
• B) total product.
• C) the production function.
• D) the marginal product of capital.

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Definitions:

Potential Value

Represents the future benefits or value that an asset, investment, or action will potentially generate, not yet realized.

Innovation Process

A series of steps that begins with ideation and proceeds through to the implementation of new products, services, or processes.

Idea Creation

The process of generating, developing, and communicating new concepts or innovations.

Cause-Effect Relationship

A connection between events or conditions where one directly triggers the outcome of the other.