For the Table Below, Calculate the Percent of Students That

question 1

Multiple Choice

For the table below, calculate the percent of students that fell within the B class.

• A)14%
• B)25%
• C)11%
• D)39%

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Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a variable input.

Marginal Physical Product

The additional output produced by using one more unit of a variable input, holding all other inputs constant.

Marginal Revenue Product

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

Additional Revenue

The extra or incremental income received from selling one more unit of a product or service.