Plant and equipment that is "used up" in producing current output is
A)marginal product.
B)depreciation.
C)deficit product.
D)marginal rate of usage.

Question

Quizplus · Accepted Answer

Plant and equipment that is "used up" in producing current output is referred to as depreciation. Marginal product refers to the additional output generated by adding one more unit of input, while deficit product is not a commonly used term in economics. Marginal rate of usage is the rate at which an input is being consumed or used up in the production process, but it does not specifically refer to plant and equipment.

Plant and Equipment That Is "Used Up" in Producing Current