Marginal product is
A) the change in total output from using an additional unit of one variable input, holding other inputs constant.
B) the change in total output from using an additional unit of all variable inputs.
C) the total output divided by the number of units of the variable input.
D) the change in total output divided by the number of units of the variable input, holding constant all other inputs.

Question

Quizplus · Accepted Answer

Marginal product refers to the additional output generated by employing one more unit of a specific input, while keeping the quantities of all other inputs constant. This concept is fundamental in the study of production and economics, helping to understand how changes in input levels affect overall production levels.

Marginal Product Is