Multiple Choice
Marginal product is defined as
A) the increase in revenue that occurs when an additional unit of a resource is added
B) the increase in output that occurs when all resources are increased by the same proportion
C) the increase in output that occurs when an additional unit of a resource is added, holding all other
Resources constant
D) the amount of additional resources needed to increase output by one unit when all resources are
Increased by the same amount
E) the amount of additional money needed to increase output by one unit when all resources are held constant
Correct Answer:
Verified
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