Question

    The ________  of an input in the production process is the additional output that is generated by using one more unit of that input, while keeping all other inputs constant. 

    A Marginal Product Correct Answer Incorrect Answer
    B Total Product Correct Answer Incorrect Answer
    C Average Product Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    Marginal Product (MP) measures the change in output (production) that results from employing one additional unit of a variable factor of production while keeping other factors constant. It represents the additional output produced by adding one more unit of input.

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