The marginal product of any input into the production process is the:
A)increase in output that is generated by an additional unit of input.
B)decrease in input that is generated by an additional unit of output.
C)constant ratio of inputs to outputs.
D)ratio of total output divided by total quantity.

Question

Quizplus · Accepted Answer

The marginal product of an input is defined as the increase in output resulting from a one-unit increase in that input, holding all other inputs constant. This is precisely what option A describes.

The Marginal Product of Any Input into the Production Process