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14 January, 13:41

Marginal product is:

A. the increase in total output attributable to the employment of one more worker.

B. the increase in total revenue attributable to the employment of one more worker.

C. the increase in total cost attributable to the employment of one more worker.

D. total product divided by the number of workers employed.

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Answers (1)
  1. 14 January, 14:01
    0
    The correct answer is A

    Explanation:

    Marginal product is the factor of production, which is defined as the change in the output results or consequence from employing one or single unit of a specific unit. It is also acknowledge as the marginal physical productivity.

    For example, the change in the output results when the business or the firm increase the labor from 6 to 7. So, 1 would be the marginal product.

    Therefore, the marginal product is the product which is defined as the rise in the aggregate output which is attributable to the employment of one more worker.
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