The change in total output attributable to the last unit of an input is the:
A) total product.
B) average product.
C) marginal product.
D) marginal return.

Question

Quizplus · Accepted Answer

The change in total output attributable to the last unit of an input is referred to as the marginal product. This concept is crucial in determining the optimal input level for an organization as it signifies how much additional output would result from adding one more unit of input.

The Change in Total Output Attributable to the Last Unit