Assuming That All Other Factors of Production Are Held Constant

question 98

Multiple Choice

Assuming that all other factors of production are held constant, marginal product is the change in _____ output resulting from a one-unit change in _____.

• A) total; a variable input
• B) total; a fixed input
• C) total; total product
• D) per unit; a fixed input

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Definitions:

Divide Income

The process of distributing a portion of a company's earnings to its shareholders as dividends.