Multiple Choice
The change in total output resulting from a one-unit increase in the quantity of an input used,holding the quantities of all other inputs constant,is:
A) average cost.
B) average product.
C) marginal cost.
D) marginal product.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Use the following to answer question: <img
Q3: When long-run average total cost is constant
Q4: When a firm produces a small amount
Q5: Average variable cost is:<br>A)variable cost per unit
Q6: Use the following to answer question: <img
Q8: If the marginal cost of producing the
Q9: Use the following to answer question: <img
Q10: The slope of a long-run average total
Q11: Use the following to answer question: <img
Q12: When an increase in the firm's output