The Value of the Marginal Product of Any Input Is

question 146

True/False

The value of the marginal product of any input is equal to the marginal product of that input multiplied by the market price of the output.

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Definitions:

Endodermal Tissue

The innermost layer of cells or tissue of an embryo in early development or the innermost layer of the plant root and shoot system.

Ectodermal Tissue

A primary germ layer of embryonic cells that gives rise to the outermost layer of skin, nervous system, and various other structures in animals.

Mesodermal Tissue

The middle layer of the three primary germ layers in an embryo that develops into connective tissue, blood, muscle, and internal organs.

Chelicerae

Paired appendages near the mouth of arachnids, such as spiders and scorpions, used for feeding.