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Title: The marginal product of a factor of production Post by: Ao9 on Oct 27, 2015 The marginal product of a factor of production
A) always exceeds the average product of that factor input, holding constant the quantities of the other factor inputs. B) is equal to the amount of additional output that can be produced with one additional unit of that factor input, holding constant the quantities of the other factor inputs. C) is equal to the amount of additional output that can be produced with one additional unit of each factor input. D) is equal to the ratio of the amount of that factor of production to the amount of output produced. Title: Re: The marginal product of a factor of production Post by: Gordis on Oct 30, 2015 Content hidden
Title: Re: The marginal product of a factor of production Post by: Ao9 on Nov 2, 2015 Solved!!
Title: Re: The marginal product of a factor of production Post by: Gordis on Nov 2, 2015 You're welcome ;) Message me if you need any more assistance with your other questions.
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