The Change in Total Output Resulting from a 1-Unit Increase

question 62

Multiple Choice

The change in total output resulting from a 1-unit increase in the quantity of a factor of production used, holding the quantities of all other factors of production constant, is:

• A) average cost.
• B) average product.
• C) marginal cost.
• D) marginal product.

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Definitions:

Virtual Assistant

A program that executes tasks or services for a person in response to commands or inquiries.

Intelligent Workplace

An environment that uses digital technology and automation to improve efficiency and effectiveness in the office setting.

Productive

Relating to the ability to produce a significant amount or result, especially regarding work or economic activity.

Voice Recognition

A technology that allows devices to identify and interpret human speech, enabling hands-free control and interaction.