A Resource's Marginal Product Is

question 113

Multiple Choice

A resource's marginal product is

• A)the revenue produced by one additional unit of that resource, other things constant
• B)the total output produced by one unit of that resource, other things constant
• C)the additional output produced by one additional unit of that resource, other things constant
• D)the total output divided by the number of units of that resource employed
• E)the total output times the number of units of that resource employed

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Definitions:

Validity

The extent to which a test, measurement, or research study accurately reflects or assesses the specific concept it is intended to measure.

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The consistency of a research study or measuring test.

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The state of being anonymous, where an individual's identity is not known or disclosed.

Surveys

Research tools used for collecting data from a predefined group of respondents to gain information and insights on various topics of interest.