Economics · Production and Costs
Match Column I with Column II: Column I (a) Total Product (b) Average Product (c) Marginal Product (d) Variable Input Column II (1) Output per unit of variable input (2) Change in total output due to one additional unit of variable input (3) Total output produced by using all inputs (4) Input that can be changed in the short run
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1a-3, b-1, c-2, d-4✓
- 2a-2, b-1, c-3, d-4
- 3a-1, b-3, c-2, d-4
- 4a-3, b-2, c-1, d-4
Correct answer
a-3, b-1, c-2, d-4
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