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

Question

Quizplus · Accepted Answer

Marginal product refers to the increase in output that is generated by an additional unit of input. Choice A is too general and does not specifically refer to the increase in output. Choice B is related to the concept of marginal product but is more broad and can refer to the overall relationship between inputs and outputs. Choice C is not a commonly used term in economics.

The Increase in Output That Is Generated by an Additional