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PlanetFeedback

question 32

True/False

PlanetFeedback.com is a website where consumers can post complaints and compliments about products and services. This is an example of a government-related public resource, which is one of the main ways marketers can research competitors' product strengths and weaknesses online.


Definitions:

Marginal Product

The additional output that is generated by increasing the input of a single factor of production by one unit, while holding other factors constant.

Bushels

A unit of volume that is used primarily in the United States to measure agricultural commodities.

Total Product

The overall amount of output produced by a firm over a given period of time.

Marginal Product

The additional output gained by employing one more unit of a particular input, keeping other inputs constant.

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