The Value of the Marginal Product of Any Input Is

question 113

Multiple Choice

The value of the marginal product of any input is equal to the marginal product of that input multiplied by the

• A)additional revenue.
• B)marginal cost of the output.
• C)change in total profit.
• D)market price of the output.

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Definitions:

Adaptive

The ability or tendency to change or adjust in response to changing conditions or environments.

Ribosomes

Molecular structures within cells that perform biological protein synthesis.

Genes

Sequences of DNA or RNA that code for molecules that express genetic information, fundamental units of heredity and the primary influencers of biological traits.

Evolutionary Psychologists

Scientists who study the human mind and behavior from the perspective of evolution, focusing on how evolutionary principles influence psychological traits.