As the marginal physical product of U.S. workers _________________, the marginal cost of goods produced in the U.S. ______________ and unit costs _____________. This makes American goods ________________ competitive in the global marketplace.

Question

Quizplus · Accepted Answer

The marginal physical product of workers represents the additional output produced by adding one more worker. When it rises, it means each worker is producing more, which typically leads to a decrease in the marginal cost of goods (since less labor is needed per unit of output). Lower marginal costs lead to lower unit costs, making American goods more competitive internationally by making them cheaper or of better value compared to foreign products.

As the Marginal Physical Product of U