The change in total product occurring when a variable input is increased and all other inputs are held constant is
A) average total cost.
B) marginal cost.
C) average physical product.
D) marginal physical product.

Question

Quizplus · Accepted Answer

The change in total product resulting from increasing a variable input while holding all other inputs constant is known as marginal physical product. This concept is important in determining how increasing inputs affects output and can be used in making production decisions such as how much labor to hire or how much fertilizer to use.

The Change in Total Product Occurring When a Variable Input