Marginal Product Is The

question 47

Multiple Choice

Marginal product is the:

• A)increase in average product attributable to the employment of one more worker
• B)increase in total revenue attributable to the employment of one more worker
• C)increase in total cost attributable to the employment of one more worker
• D)total product divided by the number of the workers employed
• E)increase in total output attributable to the employment of one more worker

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Definitions:

Percentage Of Sales Approach

Financial planning method in which accounts are projected depending on a firm’s predicted sales level.

Net Income

The final profit figure for a company after deducting taxes and expenses from the revenue.

Dividend Payout Ratio

The dividend payout ratio is the fraction of net income a firm pays to its shareholders in dividends, expressed as a percentage of the company's total net income.

Retained Earnings

The portion of net income that is retained by the company rather than distributed to its shareholders as dividends.