The Ratio of the Change in Total Product to the Change

question 41

Multiple Choice

The ratio of the change in total product to the change in total quantity of the input being used is _____.

• A)equal to marginal product
• B)constant as employment levels of the input vary
• C)equal to average product
• D)equal to the marginal rate of technical substitution

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Definitions:

Ambiguous Close

A conclusion to a communication that leaves the intended meaning or action unclear, often leading to confusion.

Upcoming Project

A planned endeavor that is scheduled to take place in the near future.

Lack Of Consensus

A situation where there is no general agreement or shared opinion among members of a group.

Disagreement

A situation in which people have different opinions about something and may argue about it.