Graphically, We Can Think of the Marginal Product of a Factor

question 85

Multiple Choice

Graphically, we can think of the marginal product of a factor as the:

• A)slope of the total production curve, when output is plotted against the quantity of the input that is used.
• B)slope of the total cost curve, when output is plotted against the costs of the quantity of the inputs used.
• C)additional cost associated with producing one more unit of output.
• D)additional inputs associated with producing one more unit of output.

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