A Measure of the Value That One Unit of a Factor

question 132

Multiple Choice

A measure of the value that one unit of a factor adds to the firm's output is value __________ product.

• A)average
• B)marginal
• C)variable
• D)fixed

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Definitions:

United States

A federal republic consisting of 50 states and a federal district, known for its significant economic, political, and cultural influence globally.

Adults

Individuals who have reached the stage in their life cycle where they are considered to be fully mature, typically marked by reaching a specific age, which varies between societies.

Percentage

is a proportion or share expressed as a fraction of 100, used to describe relative quantities or to compare parts of a whole.

Healthiest

Describes the optimal state of physical and mental well-being, often associated with lifestyle choices that contribute to longevity and quality of life.