Of the Following Numbered Units,which Is the Youngest

question 3

Multiple Choice

Of the following numbered units,which is the youngest?

• A)unit 4
• B)unit 5
• C)unit 6
• D)unit 9
• E)unit 11

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Definitions:

Demand for Outputs

The quantity of goods and services that consumers and businesses are willing and able to purchase at various prices during a certain period of time.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production.

Marginal Product

The extra output that comes from increasing a particular input by one unit, while keeping all other inputs unchanged.

Marginal Revenue Product

The extra revenue generated by employing one more unit of a factor, such as labor or capital.