The Cost of Using an Additional Unit of an Input

question 355

Multiple Choice

The cost of using an additional unit of an input is called the

• A) marginal revenue product.
• B) marginal physical product cost.
• C) marginal factor cost.
• D) marginal product of labor.

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Definitions:

Compound Name

The unique, designated name of a chemical substance that reflects its composition and molecular structure.

Haloalkane

Chemical compounds consisting of an alkane with one or more halogen atoms (such as chlorine, bromine, or iodine) replacing hydrogen atoms.

Compound Name

The systematic identification of a chemical substance that reflects its molecular composition and structure through standardized nomenclature.

Analgesic Agent

A substance that lessens or eliminates pain.