Multiple Choice
Which of the following best describes the value of the marginal product?
A) the change in total output generated from a unit change in the quantity of a variable input
B) the change in total revenue generated from a unit change in the quantity of a variable input
C) the change in marginal cost generated from a unit change in the quantity of a variable input
D) the ratio of total revenue to the quantity of a variable input employed
Correct Answer:

Verified
Correct Answer:
Verified
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