Question

    Marginal product

    is
    A Addition made to total production by the use of an additional input Correct Answer Incorrect Answer
    B Average production per unit of input use Correct Answer Incorrect Answer
    C Total addition to the production by addition input use Correct Answer Incorrect Answer
    D All of these Correct Answer Incorrect Answer

    Solution

    Marginal product refers to the change in production level or additional production which a firm produces for a unit change in the quantity of variable factor.

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