The Amount of Output Produced with an Additional Unit of Variable

question 54

Multiple Choice

The amount of output produced with an additional unit of variable input is referred to as:

• A)total product.
• B)average variable product.
• C)marginal product.
• D)average fixed product.

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Definitions:

Shares

Units of ownership interest in a corporation or financial asset, representing a portion of the corporation's capital.

Chose in Action

A personal right to property which can only be claimed or enforced by action, not by taking physical possession.

Surviving Corporation

The corporation that continues to exist after the merger or consolidation of two or more corporations, absorbing the assets and liabilities of the others.

Damages

Monetary compensation awarded by a court to a person who has suffered loss or injury as a result of another's wrongdoing or negligence.