In a Bivariate Table,the Categories of the Dependent Variable Are

question 16

Multiple Choice

In a bivariate table,the categories of the dependent variable are placed in the

• A)rows.
• B)columns.
• C)marginals.
• D)far right-hand column.

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Definitions:

Marginal Product

The additional output that results from using one more unit of a variable input, holding all other inputs constant.

Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot increase proportionally.

Total Product Curve

A graphical representation showing how the total quantity of output changes with variation in the quantity of a single input, holding other inputs constant.

Marginal Returns

The additional output gained by adding one more unit of input, holding all other inputs constant.