MCQOPTIONS
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| 1. |
Marginal product of a factor is |
| A. | The additional product received by the firm due to the employment of an additional unit of a variable factor |
| B. | Addition to the total product when one more unit of a factor is employed |
| C. | The rate of change in the total product per unit change in the variable factor. |
| D. | All of the above |
| Answer» E. | |