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Author Question: The change in the total output of a firm associated with using one more unit of an input is referred ... (Read 69 times)

londonang

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on: Jun 29, 2018
The change in the total output of a firm associated with using one more unit of an input is referred to as the:
 
  A) marginal product of the input.
  B) total product.
  C) average product of the input.
  D) variable product of the input.

Question 2

When economists value rewards that will be experienced in the future, they multiply the reward by a:
 
  A) positive factor more than 1.
  B) positive factor less than 1.
  C) negative factor more than -1.
  D) negative factor less than -1.


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CharlieArnold

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


londonang

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

sailorcrescent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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