Marginal product is
A) the change in total output from using an additional unit of one variable input, holding other inputs constant.
B) the change in total output from using an additional unit of all variable inputs.
C) the total output divided by the number of units of the variable input.
D) the change in total output divided by the number of units of the variable input, holding constant all other inputs.
Answer: A
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The Gallatin Plan (1808) to provide internal land and water transport in the eastern part of the country was a plan that
(a) called for the federal government to finance and build the transport system. (b) called for the eastern states to join together to finance and build the system. (c) called for private financing and building with some federal government assistance in coordinating and planning the transport system. (d) relied primarily on city and county governments to provide the bulk of the financing and building of the transport system.
Usury laws are associated with
A. rent. B. interest. C. wages. D. profits.