Marginal physical product and average physical product are measured in
A) dollars.
B) profit terms.
C) units of production.
D) the same units as marginal cost and average total cost.

Question

Quizplus · Accepted Answer

Marginal physical product and average physical product are measures of productivity and are therefore measured in units of production, such as output per worker or output per hour. They are not measured in terms of dollars or profits, which are measures of revenue or income. They are also not measured in the same units as marginal cost and average total cost, which are measures of cost.

Marginal Physical Product and Average Physical Product Are Measured in