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Match the Terms with Their Correct Meanings

question 109

Multiple Choice

Match the terms with their correct meanings.

-Tying off the fallopian tubes; sterilization procedure


Definitions:

Marginal Product

The rise in production resulting from the use of one more unit of input.

Value of the Marginal Product

The extra income produced from the use of an additional unit of input, like capital or labor.

Marginal Product (MP)

The extra output generated from increasing the quantity of a particular input by one, while keeping other inputs unchanged.

Price (P)

The cost necessary to acquire a good or service.

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