Assuming that all other factors of production are held constant, marginal product is the change in ________ output resulting from a 1-unit change in _______ .

Name: Assuming that all other factors of production are held constant, marginal product is the change in ________ output resulting from a 1-unit change in _______ .
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Question

Quizplus · Accepted Answer

Marginal product measures the change in total output resulting from a 1-unit change in a variable input. Therefore, the correct choice is (A) total output and a variable input.

Assuming That All Other Factors of Production Are Held Constant