Economics · Theory of Production
Which of the following terms is defined as the change in total output per unit change in the variable input, while holding all other inputs constant?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Final product of an input
- 2Nominal product of an input
- 3Intermediate product of an input
- 4Marginal product of an input✓
Correct answer
Marginal product of an input
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