Explain what is meant by marginal product. What will be an ...

[danielfitts88]

Explain what is meant by marginal product.
 
  What will be an ideal response?

Question 2

High-income countries have ________ and ________ as compared to developing countries.
 
  A) high rates of savings; low rates of growth B) high rates of savings; high rates of growth
  C) low rates of savings; high rates of growth D) low rates of savings; low rates of growth

[Sweetkitty24130]

Answer to Question 1

Marginal product is the additional output that can be produced by adding one more unit of a specific input (all else equal).

Answer to Question 2

B

[danielfitts88]

Thank you

[Sweetkitty24130]

Happy to help you