Marginal Product Is

question 59

Multiple Choice

Marginal product is

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

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Definitions:

Citizens United

A landmark U.S. constitutional law, campaign finance, and corporate law case dealing with regulation of political campaign spending by organizations.

Political Campaign

An organized effort which seeks to influence the decision-making process within a specific group, often used in the context of elections for political positions.

Corporate Entities

Organizations established as legal entities that are separate from their owners and officers, with the ability to own property, enter into contracts, and incur liabilities.

National Convention

A large meeting of party delegates in the United States, held every four years to nominate presidential and vice-presidential candidates, adopt a platform, and unify party members.