The physical output that is due to the addition of one more unit of a variable factor of production is
A) average total cost.
B) marginal cost.
C) average product.
D) marginal product.

Question

Quizplus · Accepted Answer

Marginal product is the additional output that is generated by adding one more unit of a variable factor of production. This can be measured as the change in total output divided by the change in the quantity of the variable factor. Therefore, the correct answer is D - marginal product.

The Physical Output That Is Due to the Addition of One