Which of the Following Statements Is TRUE

question 86

Multiple Choice

Which of the following statements is TRUE?

• A) The marginal product is the change in total revenue divided by a one-unit change in a factor.
• B) The marginal revenue is the change in total output divided by the change in output.
• C) The value of the marginal product is the marginal product times the price.
• D) The marginal cost is equal to the average total cost.

---

Definitions:

Accumulated Depreciation

The total depreciation of an asset up until a single point in time, showing how much of its value has been used up.

Balance Sheet

A financial statement that summarizes a company’s assets, liabilities, and shareholders' equity at a specific point in time, offering a snapshot of its financial health.

Worksheet

A worksheet in accounting is a document used to compile information from ledger accounts for the purpose of preparing financial statements.