The Marginal Product of Any Input Is the

question 114

Multiple Choice

The marginal product of any input is the

• A)increase in total cost associated with a one-unit increase in production.
• B)change in total output associated with a $1.00 increase in total cost.
• C)increase in total cost resulting from the hiring of an additional worker.
• D)increase in total output obtained from one additional unit of that input.

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Definitions:

New Blank Record

A new, empty entry or row in a database or spreadsheet, ready for data input.

Compacting Database

The process of restructuring a database to recover space from deleted records and to improve performance by reducing file size.

Reducing File Size

The process of decreasing the amount of data stored in a file to reduce its disk space usage, often done through compression techniques.

Repairing

The process of fixing or restoring something that is broken or damaged.