In the short run, the additional output that results from hiring an additional unit of a variable input is the
A) marginal product.
B) average product.
C) average variable cost.
D) marginal cost.

Name: In the short run, the additional output that results from hiring an additional unit of a variable input is the A) marginal product. B) average product. C) average variable cost. D) marginal cost.
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Question

Quizplus · Accepted Answer

Marginal product is the additional output resulting from hiring one more unit of a variable input.

In the Short Run, the Additional Output That Results from Hiring