The Marginal Product of Any Input into the Production Process

question 31

Multiple Choice

The marginal product of any input into the production process is the:

• A) increase in output that is generated by an additional unit of input.
• B) decrease in input that is generated by an additional unit of output.
• C) constant ratio of inputs to outputs.
• D) ratio total output divided by total quantity.

---

Definitions:

Cognitive Dissonance

Cognitive Dissonance is the mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.

Subjective Norms

An individual’s perceptions about whether significant others think he or she should (or should not) perform the behavior in question.

Attitude Polarization

The phenomenon whereby a person's stance on a specific issue becomes more extreme after being exposed to opposing arguments.

Effort Justification

A cognitive dissonance theory concept where individuals rationalize the effort they put into achieving a goal, often valuing the outcome more if more effort was required.