Examlex

Solved

Which of the Following Is Incorrect

question 90

Multiple Choice

Which of the following is incorrect?


Definitions:

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.

Related Questions