Which Statement Is TRUE

question 298

Multiple Choice

Which statement is TRUE?

• A)The marginal product is the change in total revenue divided by a one-unit change in a factor.
• B)The marginal revenue is the change in total output divided by the change in output.
• C)The value of the marginal product is the marginal product times the price.
• D)The marginal cost is equal to the average total cost.

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Definitions:

Correct Verb

A verb that accurately aligns with the subject in terms of number and tense, ensuring grammatical correctness.

Springfield Science Museum

A museum dedicated to the promotion of scientific understanding, likely located in Springfield, though there are multiple Springfields so the exact location may vary.

Independent

Not influenced by or contingent upon something else; autonomous or having the freedom to act separately.

Standard Deviations

A calculation that shows how broadly or tightly a set of values is distributed.