Multiple Choice
Which expression BEST describes the value of the marginal product?
A) the change in total output generated by a unit change in the quantity of a factor
B) the change in total revenue generated by a unit change in the quantity of a factor
C) the change in marginal cost generated by a unit change in the quantity of a factor
D) the ratio of total revenue to the quantity of a factor employed
Correct Answer:
Verified
Correct Answer:
Verified
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