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Choose the One Most Appropriate Answer for Each

question 47

Multiple Choice

Choose the one most appropriate answer for each.
-allosteric enzyme​​


Definitions:

Total Product

The total quantity of output that a firm produces, usually within a given time period.

Marginal Product

The additional output produced as a result of using one extra unit of a particular input.

Average Product

Average Product is the output produced, on average, by each unit of a variable factor of production, such as labor, calculated by dividing total product by the number of variable input units used in production.

Total Product

The total quantity of output produced by a firm for a given quantity of inputs over a specified period.

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