Value Marginal Product (VMP) Is

question 10

Multiple Choice

Value marginal product (VMP) is

• A)a measure of additional revenue minus additional cost as a result of additional output.
• B)the price of the product multiplied by the additional output resulting from an additional factor unit employed.
• C)the marginal revenue of the product divided by the additional output resulting from an additional factor unit employed.
• D)the value of an additional unit of product as measured in terms of additional factor cost.
• E)the total value of the total output of a firm divided by the total quantity of output.

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Definitions:

Desert Environment

An ecosystem characterized by low rainfall, extreme temperatures, and sparse vegetation adapted to arid conditions.

Desert Environment

A biome characterized by very little rainfall, extreme temperatures, and sparse vegetation, making it a challenging habitat for life.

Photosynthetic Mode

A method by which plants, algae, and some bacteria convert light energy into chemical energy stored in glucose.

CAM

A type of photosynthesis (Crassulacean Acid Metabolism) adapted by some plants to minimize water loss in arid conditions by fixing CO2 at night.