If P(A)> 0 and P(B)> 0 and Events a and B

question 81

Multiple Choice

If P(A) > 0 and P(B) > 0 and events A and B are independent,then:

• A)P(A)= P(B)
• B)P((A|B))= P(A)
• C)P(A)

---

Definitions:

Marginal Product Data

Information regarding the additional output that can be obtained by adding one more unit of a particular input, holding all other inputs constant.

Units of Output

are the measurable quantities of goods or services produced by a firm or economy.

Maximization of Profits

The process by which a company determines the price and output level that generates the most profit.

MP

Marginal Productivity (MP) refers to the additional output resulting from the use of one more unit of a production factor, keeping other inputs constant.