The increase in output that is generated by an additional unit of input is called:
A)the input-output relationship.
B)the production function.
C)marginal product.
D)resource product.

Question

Quizplus · Accepted Answer

Marginal product refers to the increase in output resulting from a one-unit increase in the amount of a single input, holding all other inputs constant. This concept is key in understanding how additional inputs contribute to overall production.

The Increase in Output That Is Generated by an Additional