Question : ________ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant.
Option 1: Marginal product
Option 2: Production function
Option 3: Total product
Option 4: Average product
Latest: SSC CGL Tier 1 Result 2024 Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: Marginal product
Solution : The correct answer is Marginal product .
It measures how many units of a particular input, such as labour or capital, contribute to total output or production in a certain period if all other factors remain static. The marginal product of an input may be used to calculate how much output a company can create by increasing the amount of that input. It may also be used to assess a company's ideal amount of output. An input's marginal product might alter with time.
Candidates can download this ebook to know all about SSC CGL.
Result | Eligibility | Application | Selection Process | Preparation Tips | Admit Card | Answer Key
Question : ____ is defined as the output per unit of variable input.
Question : Production function explains the relationship between:
Question : When the average product of an input is at its maximum then:
(AP = Average product)
(MP = Marginal product)
Question : Equilibrium out is determined by:
Question : If the total product is at its maximum then:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile