The Additional Output Produced by Adding One Extra Unit of Capital

question 11

Multiple Choice

The additional output produced by adding one extra unit of capital to the production process while holding everything else constant is called

• A) total factor productivity
• B) average output
• C) the marginal product of capital
• D) returns to scale
• E) economies of scale

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Definitions:

Basic Statistics

The foundational principles and techniques for collecting, analyzing, interpreting, and presenting data.

Totals

The sum amounts resulting from the addition of numbers, quantities, or items.

Ratios

A quantitative relationship between two numbers showing how many times one value contains or is contained within the other, often expressed as "a to b" or a:b.

Polling Booth

A private area in a polling station where voters go to mark their ballots during an election, ensuring the confidentiality of their vote.