The Marginal Product Is Defined As

question 12

Multiple Choice

The marginal product is defined as:

• A) The ratio of total output to the amount of the variable input used in producing the output
• B) The incremental change in total output that can be produced by the use of one more unit of the variable input in the production process
• C) The percentage change in output resulting from a given percentage change in the amount
• D) The amount of fixed cost involved.
• E) None of the above

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Definitions:

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