menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics Study Set 4
  4. Exam
    Exam 12: Wages and Employment in Perfect Competition
  5. Question
    The Change in Total Cost When One More Unit of a Factor
Solved

The Change in Total Cost When One More Unit of a Factor

Question 130

Question 130

Multiple Choice

The change in total cost when one more unit of a factor of production is added is:


A) marginal revenue product.
B) marginal product.
C) marginal cost.
D) marginal factor cost.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q26: Beyond some point,a higher wage may induce

Q125: Markets in which households supply factors of

Q126: A higher wage has an income effect

Q127: The wage paid by a firm buying

Q128: MFCL is equal to the price of

Q129: A determinant of the demand for a

Q131: The market or industry supply curve for

Q133: A wage increase raises the quantity of

Q134: In a perfectly competitive labor market, each

Q135: The trade-off between work and leisure underlying

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines