The Marginal Product curve of input Y shows:
A) how the quantity of output produced changes for each amount of input Y, whether or not all other inputs are held constant.
B) how the quantity of output produced changes for each amount of input Y, holding all other inputs constant.
C) how the average quantity of output produced varies with input Y, whether or not all other inputs are held constant.
D) how the average quantity of output produced varies with input Y, holding all other inputs constant.

Question

Quizplus · Accepted Answer

The Marginal Product curve of input Y shows how the quantity of output produced changes for each amount of input Y, holding all other inputs constant. This means that only the input Y is varied while all other inputs are held constant. This is important in determining the productivity of a particular input in a production process.

The Marginal Product Curve of Input Y Shows