Assuming that all other factors of production are held constant, marginal product is the change in _____ output resulting from a one-unit change in _____.
A) total; a variable input
B) total; a fixed input
C) total; total product
D) per unit; a fixed input

Question

Quizplus · Accepted Answer

Marginal product is the change in total output resulting from a one-unit change in a variable input, while all other inputs are held constant.

Assuming That All Other Factors of Production Are Held Constant