The Value of the Marginal Product Is

question 74

Multiple Choice

The value of the marginal product is

• A)total revenue minus total cost.
• B)the change in total output divided by the change in an input.
• C)the marginal product of an input times the price of the output.
• D)total output divided by total inputs.

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Definitions:

Biological Propensity

Biological propensity involves the natural inclination or tendency within individuals due to genetic, hormonal, or neurophysiological factors to exhibit certain behaviors or to develop certain conditions.

Linguistic Relativity

The hypothesis that the structure of a language influences its speakers' world view or cognition.

Nativist

A perspective in psychology and linguistics suggesting that certain skills or abilities are "native" or hardwired into the brain at birth, contrasting with theories that emphasize learning and experience.

Cognitive

Related to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, and problem-solving.