Marginal Product Is Defined as

question 21

Multiple Choice

Marginal product is defined as

• A)the increase in revenue that occurs when an additional unit of a resource is added
• B)the increase in output that occurs when all resources are increased by the same proportion
• C)the increase in output that occurs when an additional unit of a resource is added, holding all other
• Resources constant
• D)the amount of additional resources needed to increase output by one unit when all resources are
• Increased by the same amount
• E)the amount of additional money needed to increase output by one unit when all resources are held constant

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Definitions:

Cold War

The period of geopolitical tension between the Soviet Union and the United States and their respective allies from the end of World War II until the dissolution of the Soviet Union in 1991.

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means lasting for only a limited period of time; not permanent.

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Radical youth protest movement of the 1960s, named by leader Tom Hayden to distinguish it from the Old (Marxist-Leninist) Left of the 1930s.