πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      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.

      Practice Next
      ask-question