Write a Brief Response to Each Part of the Question

question 6

Short Answer

Write a brief response to each part of the question.
-Principles of learning
a. List three principles of learning
b. Explain why you selected each one
c. Which one is most important and why you believe it is.

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Definitions:

Marginal Expenditure

The incremental cost associated with the purchase of an additional unit of a good or service.

Marginal Product

The increase in output that arises from an additional unit of input.

Marginal Revenue

The additional income generated from the sale of one more unit of a product or service.

Marginal Product

Marginal product is the additional output that is produced by adding one more unit of a specific input, holding all other inputs constant.