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      Question

      The ________ ┬аof 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.┬а
      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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