The change in output that results from changing a variable input by one unit, holding all other inputs fixed, is called the marginal __________ product of the variable input.
A)physical
B)value
C)average
D)explicit

Question

Quizplus · Accepted Answer

The correct term is "marginal physical product," which refers to the additional output produced as a result of increasing one unit of a variable input, while keeping other inputs constant.

The Change in Output That Results from Changing a Variable