Which of the following is known as an increase in total output that results from a one-unit increase in the input keeping all other inputs constant:
A. Average product
B. Total product
C. Marginal product
D. All are correct
Answer:C
Which of the following is known as an increase in total output that results from a one-unit increase in the input keeping all other inputs constant:
A. Average product B. Total product C. Marginal product D. All are correct