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The Value of the Marginal Product Is The

Question 242

Multiple Choice

The value of the marginal product is the:


A) change in total output resulting from a unit change in the quantity of a factor.
B) change in total revenue resulting from a unit change in the quantity of a factor.
C) change in total cost resulting from a unit change in the quantity of a factor.
D) ratio of total revenue to the quantity of a factor employed.

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