Multiple Choice
The change in total output associated with one additional unit of input is the
A) Opportunity cost of the output.
B) Average productivity.
C) Marginal physical product.
D) Marginal cost.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q104: The law of diminishing returns indicates that
Q105: Unit labor cost is equal to the<br>A)Wage
Q106: If the marginal cost curve is rising,which
Q107: The marginal physical product is the<br>A)Change in
Q108: Which of the following is least likely
Q110: There are still some fixed costs in
Q111: Megan used to work at the local
Q112: When the wage rate is $10 per
Q113: Which of the following are factors of
Q114: The marginal physical product of the third