Examlex
Which of the following is incorrect?
Marginal Product
The additional output generated by adding one more unit of a specific input, all other inputs being held constant.
Total Product
The total quantity of output produced by a firm using a given amount of inputs.
Law Of Diminishing Returns
An economic principle stating that adding an additional factor of production results in smaller increases in output.
Study Hours
The amount of time allocated by individuals for learning or educational activities.
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