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    Economics for Managers
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    Exam 5: Production and Cost Analysis in the Short Run
  5. Question
    The Amount of Output Produced with an Additional Unit of Variable
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The Amount of Output Produced with an Additional Unit of Variable

Question 54

Question 54

Multiple Choice

The amount of output produced with an additional unit of variable input is referred to as:


A) total product.
B) average variable product.
C) marginal product.
D) average fixed product.

Correct Answer:

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