Marginal product measures the change in:
a. total cost brought about by changing production by one unit.
b. product price brought about by changing production by one unit.
c. a firm's revenue brought about by changing production by one unit.
d. the firm's output brought about by employing one additional unit of input.
e. the firm's profit brought about by employing one more input.
d
Economics
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The intersection of the x axis and the y axis is called the
A) "meeting point." B) origin. C) "zero" point. D) corresponding point.
Economics
If total utility is increasing, marginal utility:
A. is positive but may be either increasing or decreasing.
B. must also be increasing.
C. may be either positive or negative.
D. will be increasing at an increasing rate.
Economics