Match Each Term with Its Meaning

question 35

Multiple Choice

Match each term with its meaning.
-process of finding the product of numbers

• A)decimal place
• B)multiplication
• C)decimal
• D)decimal point
• E)decimal fraction
• F)multiplier
• G)decimal system
• H)continuing number
• I)whole number
• J)power of 10

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Definitions:

Marginal Product

The additional output produced as a result of adding one more unit of a specific input, keeping other inputs constant.

Value of Marginal Product

The additional revenue generated by employing one more unit of a factor of production, such as labor.

Marginal Product

The increase in output resulting from a one-unit increase in the input of a production factor, holding all other inputs constant.

Marginal Cost

The increase in total cost that arises from an extra unit of production.