The Additional Output That One Additional Input of Labor Is

question 153

Multiple Choice

The additional output that one additional input of labor is responsible for is its

• A)marginal revenue product.
• B)marginal physical product.
• C)average revenue product.
• D)average physical product.

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Definitions:

Bias

A tendency, inclination, or prejudice in favor of or against one thing, person, or group compared with another, often in a way considered to be unfair.

Prejudice

Preconceived opinion or bias against someone or something, often based on stereotypes or unfounded beliefs, without proper knowledge or examination.

Personal Leaning

The individual inclination or tendency towards particular opinions, interests, or areas of knowledge.

Alfred C. Kinsey

An American biologist and sexologist known for his research on human sexuality, notably documented in his Kinsey Reports.