The output of an extra unit of an input is referred ...
The output of an extra unit of an input is referred to as_______
Output of the input
Marginal product of the input
Average product of the input
Utility of the input employed
Correct answer is B
The marginal product of an input is the extra output that results from adding one unit of the input to the existing combination of productive factors.
A good measure of the standard of living usually used for international comparison is______ ...
Public expenditure can be financed from all the following sources except the ...
Which of the following is NOT an instrument in the money market? ...
Budget deficit can be financed by ...
From the indifference curve above, consumer will prefer combination ...
Money becomes a very poor store of value in a period of ...
The choice of how to produce in a command economy is determined by ...
The production of rice and yam on the same farmland is an example of ...