The ratio of the change in total product to the change in total quantity of the input being used is _____.
A)equal to marginal product
B)constant as employment levels of the input vary
C)equal to average product
D)equal to the marginal rate of technical substitution

Question

Quizplus · Accepted Answer

The ratio of the change in total product to the change in total quantity of the input being used is defined as the marginal product. Therefore, choice A is the correct answer. The other options are incorrect because they do not accurately describe this ratio. Choice B is incorrect because as employment levels of the input vary, the marginal product typically changes rather than staying constant. Choice C is incorrect because the average product is the total product divided by the quantity of the input, while the ratio being discussed is the change in total product divided by the change in quantity of the input. Choice D is incorrect because the marginal rate of technical substitution is a different concept than the ratio being discussed.

The Ratio of the Change in Total Product to the Change