The additional output produced by adding one more unit of an input is:
A)marginal product.
B)average product.
C)total production.
D)the slope of the marginal product curve.

Name: The additional output produced by adding one more unit of an input is: A)marginal product. B)average product. C)total production. D)the slope of the marginal product curve.
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Question

Quizplus · Accepted Answer

Marginal product refers to the additional output resulting from the use of one more unit of an input, holding all other inputs constant.

The Additional Output Produced by Adding One More Unit of an Input