Marginal product and average product are measured in
A) dollars.
B) profit terms.
C) units of production.
D) the same units as marginal cost and average total cost.

Question

Quizplus · Accepted Answer

Marginal product and average product are measured in the same units as the quantity of production, such as units of output or labor hours. They represent physical measures of productivity, rather than dollars or profit terms. They are also different from marginal cost and average total cost, which are measured in dollars per unit or other monetary units.

Marginal Product and Average Product Are Measured in