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whipped whipped
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6 years ago
Which of the following statements is true of the marginal product of an input?
A) The marginal product of an input is given by the ratio of the firm's total output to the units of the input used.
B) The marginal product of an input increases as more and more inputs are used.
C) The marginal product of an input can take negative values.
D) The marginal product of the first unit of a variable input is zero.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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6 years ago
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