The Amount by Which Output Would Increase If We Added

question 25

Multiple Choice

The amount by which output would increase if we added one more unit of capital to production, holding all other inputs fixed is called the

• A) average product of capital
• B) marginal product of labor
• C) marginal product of capital

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Definitions:

Employee's Abilities

Refers to the skills, knowledge, and competencies that an individual possesses, which enable them to perform tasks effectively in a workplace.

Valence

In the field of motivation, valence refers to the emotional significance attached to something, determining how desirable or undesirable it is.

Expectancy Theory

A motivational theory suggesting that an individual's motivation is influenced by their expectation of achieving a desired outcome and the value they place on that outcome.

Anticipated Satisfaction

The expectation of fulfillment or happiness one believes will come from acquiring or achieving something in the future.