Question

............... of an input is defined as the change in output per unit of change in the input when all other inputs remain constant.

• A. Marginal Product
• B. Average Product
• C. Total Product
• D. Returns to Scale

Hint:

Remember: - MP = extra output from one more unit of input. - AP = average output per unit. - TP = overall output.

Answer 1

The Correct Option is A

Step 1: Define Key Terms.
- Marginal Product (MP): The extra output from one additional unit of input, with other inputs held constant.
- Average Product (AP): Output divided by the input quantity.
- Total Product (TP): The cumulative output produced by all inputs.
- Returns to Scale: How output changes in proportion to a proportional change in all inputs.
Step 2: Match Definition.
The provided definition precisely describes Marginal Product.
Final Answer: \[\boxed{\text{Marginal Product}}\]