Examlex

Solved

What Does "Designatable Unit" Refer To

question 31

Multiple Choice

What does "designatable unit" refer to?


Definitions:

Marginal Product

The boost in production resulting from one more unit of input, while keeping other inputs unchanged.

Rental Price

The cost paid periodically by a lessee to use the assets of another entity.

Marginal Product

The additional output that is produced by using one more unit of a factor of production, all other inputs remaining constant.

Profit

Total revenue minus total cost.

Related Questions