Which of the Following Statements Is True of the Marginal

question 164

Multiple Choice

Which of the following statements is true of the marginal product of an input?

• A) The marginal product of an input is given by the ratio of the firm's total output to the units of the input used.
• B) The marginal product of an input increases as more and more of the input is used.
• C) The marginal product of an input can be negative.
• D) The marginal product of the first unit of a variable input is zero.

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Definitions:

Hans Eysenck

A psychologist known for his work in the field of personality theory, emphasizing the genetic basis of personality and intelligence.

Neurotic

Refers to an individual's tendency to experience negative emotional states, such as anxiety, depression, or anger, more frequently or intensely than what is considered normal.

Identical Twins

Twins who originate from a single fertilized egg that splits and develops into two embryos, sharing the same genes and often having very similar appearances and traits.

Nescience

Lack of knowledge or awareness; ignorance.